ST Engineering Q1 Revenue Up 4%, Misses Expectation; Shares Fall 6.29%
ST Engineering's revenue was up 4% to SG$446 million during the first quarter of the year from SG$429 million a year earlier, according to a Friday filing with the Singapore Exchange.During the period, the company secured contracts worth SG$4.4 billion, taking the order book to SG$29.8 billion as at March 31.Defense and public security segment accounted for SG$2.7 billion of the new orders.The engineering company declared an interim dividend of SG$0.04 per share for the period.