Reuters, 4 Aug 2009
SINGAPORE, Aug 4 (Reuters) - Singapore Technologies Engineering (STEG.SI), the world's largest aircraft repair firm, on Tuesday posted a smaller-than-expected 9 percent fall in second quarter net profit, and said it expects a better second half.
The company, which is over 50 percent owned by Singapore state investor Temasek Holdings [TEM.UL] and also the country's main arms maker, said its quarterly net profit dropped to S$108.7 million ($75.91 million) from S$119.9 million a year ago.
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