ST Aerospace Profits Down 11 Per Cent

Singapore-based MRO ST Aerospace has reported a 11 per cent fall in its pre-tax profit in 2014 to SGD$283m ($208m) compared with SGD$319m ($234m) in 2013.

Singapore-based MRO ST Aerospace has reported a 11 per cent fall in its pre-tax profit in 2014 to SGD$283m ($208m) compared with SGD$319m ($234m) in 2013.

The group’s full-year results, published on February 27, also confirmed that revenues dropped one per cent to SGD$2.07bn ($1.52bn) from the previous year.

The group’s aircraft maintenance and modification and engine repair and overhaul divisions both saw a decline in revenue of around two per cent on the previous year.

TAGS: Asia Pacific
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