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ST Engineering's Revenue Jumps 11% in Q1

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ST Engineering's (SGX:S63) revenue climbed 11% in the first quarter of the year to SG$3.26 billion from SG$2.92 billion a year earlier, according to a Monday filing with the Singapore Exchange.

The strong revenue was driven by growth across all key segments.

The company bagged contracts worth SG$4.8 billion during the period, taking its overall order book as at March 31 to SG$34.5 billion.

Shares of the technology, defense and engineering group were up nearly 2% in Monday trading.

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