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Land Systems: Results For The Quarter Ended 30 June 2015

Details on how the business of the Sector is managed and its related performance are set out below. This information is given on a voluntary basis and from the perspective of the Sector management, as its disclosure is not required by law or regulation.

Land Systems
“Lower Profits”

FINANCIAL HIGHLIGHTS for the second quarter ended 30 June 2015

  
2015
2Q
2015
2Q
Growth %
Revenue ($m)
319
297
7
Earnings before interest and tax (EBIT) ($m)
14.6
16.3
(11)
Other income, net ($m)
1.1
1.3
(17)
Finance costs, net ($m)
(3.2)
(1.7)
(86)
Profit before tax (PBT) ($m)
16.3
18.2
(11)
Profit attributable to shareholders ($m)
11.3
19.1
(41)

 

  • Economic Value Added for the first half of 2015 was $9.6 million

“For 1H2015, we recorded higher sales due to higher deliverables in key defence programmes but lower profit due to unfavourable product mix, higher provisions and higher research and development expenses. We will continue to pursue new orders especially in defence exports while concurrently improving our operational excellence.”
Ravinder Singh, President.

Land Systems 2Q2015 Unaudited Results

N.B.: All currencies are in Singapore dollars. 

 

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