ST Engineering net profit drops by 10% in 2020

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The COVID-19 pandemic hits the company's aerospace business the hardest. ST Engineering posted a net profit of $521.8m for the full year of 2020, lower by 10% from the $577.9 m reported in the previous year. In a disclosure to the SGX, ST Engineering president and CEO Vincent Chong said the company has stayed afloat despite the COVID-19 pandemic. read more