Singapore

ST Engineering’s H2 profit slips 7.1% on energy inflation, higher expenses, lower state support



ST ENGINEERING’S profits for the second half of the year ended Dec 31, 2022, eased 7.1 per cent to S$255 million from S$274.4 million, due to energy inflation, higher Transcore expenses and reduced government support, the group said on Friday (Feb 24).



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