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PR Newswire
1H Result as at 30 Jun 2020
Rev $3.5b (vs 3.5b)
GP $0.7b (vs 0.7b)
NP $0.2b (vs 0.2b)
Div 5cts (vs 5)
The Group’s technology and engineering foundation built up over the years, its strong balance sheet, its diverse business mix and robust order book helped it weather the impact of COVID-19 and maintain even-keel for its first half results.
The Group is cognisant of the ‘tail wind’ afforded it through the various government support schemes (especially the Singapore government’s JSS) for 2020. The Group does not expect such support beyond this year. The Group is also alert to opportunities that have emerged or been accentuated as a result of COVID-19. The Group is well positioned to benefit from areas like Passenger-to-Freighter conversion and smart city solutions, including safe access control management.
The Group is maintaining its guidance for FY2020 revenue to come in between 5% and 15% lower versus FY2019.
https://links.sgx.com/FileOpen/ST%20Engi...eID=627750
Stay home and stay healthy, valuebuddies.
Rev $3.5b (vs 3.5b)
GP $0.7b (vs 0.7b)
NP $0.2b (vs 0.2b)
Div 5cts (vs 5)
The Group’s technology and engineering foundation built up over the years, its strong balance sheet, its diverse business mix and robust order book helped it weather the impact of COVID-19 and maintain even-keel for its first half results.
The Group is cognisant of the ‘tail wind’ afforded it through the various government support schemes (especially the Singapore government’s JSS) for 2020. The Group does not expect such support beyond this year. The Group is also alert to opportunities that have emerged or been accentuated as a result of COVID-19. The Group is well positioned to benefit from areas like Passenger-to-Freighter conversion and smart city solutions, including safe access control management.
The Group is maintaining its guidance for FY2020 revenue to come in between 5% and 15% lower versus FY2019.
https://links.sgx.com/FileOpen/ST%20Engi...eID=627750
Stay home and stay healthy, valuebuddies.