Singapore Technologies Engineering has reported earnings of $702.3 million for its FY2024, up 19.7%. Revenue in the same period was up 11.6% to $11.3 billion, with contribution across its three main business segments.

 

In line with the higher earnings, the company plans to pay a higher final dividend of 5 cents per share for 4QFY2024, up from the usual 4 cents per quarter. This brings its full-year payout to 17 cents, up from 16 cents.

 

In 2024, the company won $12.6 billion in new orders, including $4.3 billion secured in the most recent 4QFY2024. This brings its total order book to $28.5 billion with $8.8 billion of it to be delivered this current FY2025.

 

&ldquo We delivered a very strong set of results in 2024 despite an uncertain and challenging environment," says group CEO Vincent Chong. 

 

" We are confident that our strong fundamentals will continue to position us well, even as we confront a fast-changing landscape.

 

" We have a robust order book and a competitive market position which will underpin our continuing revenue growth and performance," he adds.