ST Engineering opens new 14-hectare smart shipyard at Gul Road to replace Tuas Yard
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CNARachel Teng
ST Engineering opens new 14-hectare smart shipyard at Gul Road to replace Tuas Yard
A new smart shipyard has opened, replacing ST Engineering's Tuas Yard as its lease expires at the end of this year. The 14-hectare Gul Yard is twice the size and will be able to handle larger projects. Previously, it could build vessels up to 150 metres, but the new yard can go to as large as 240 metres. Gul Yard also
Sep 19, 2024
ST Engineering Projects
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In FY24, ST Engineering posted revenue of S$11.3 billion, marking an 11.6% year-on-year increase, driven by strong performance across all its business segments. The Group reported an attributable net profit of S$702 million for FY24, a 19.7% year-on-year increase. Given robust earnings and a positive outlook, the Group is proposing to increase its FY25 dividend from 17.0 cents to 18.0 cents per share. Starting from FY26, ST Engineering plans to pay out a third of its year-on-year increase in net
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In FY24, ST Engineering posted revenue of S$11.3 billion, marking an 11.6% year-on-year increase, driven by strong performance across all its business segments. The Group reported an attributable net profit of S$702 million for FY24, a 19.7% year-on-year increase. Given robust earnings and a positive outlook, the Group is proposing to increase its FY25 dividend from 17.0 cents to 18.0 cents per share. Starting from FY26, ST Engineering plans to pay out a third of its year-on-year increase in net
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