The complete issue (pdf format/28 pages) - ST Electronics

newsStrong Operating Performancefor first half of 2007Letter of Intent with Nelvana ofCanada to co-produce a series ofdirect-to-video titles.ST Electronics delivered strongoperating performance for thefirst half of 2007. Its Large ScaleOn the defence front, the Communication& Sensor SystemsGroup was awarded MINDEFcontracts for maintenance ofelectro-optics equipment andsystems and the supply of thermalweapon sights.ST Electronics’ US satellitecommunications arm, iDirectInc., deployed VSAT hubs forBatelco, a leading provider ofglobal satcoms in the MiddleEast. It also secured ordersST Electronicsexpects its secondhalf 2007 turnoverand profit beforetax to be highercompared to thefirst half of 2007,barring unforeseencircumstances.S$ millions 1Q2007 1Q2006 % 2Q2007 2Q2006 %Turnover 234 219 7 273 213 28Investment, interest &Other income1.2 1.2 (4) 0.7 9.8 (92)Earnings beforeinterest & tax21.2 20.3 4 25.7 16.9 52Profit before tax 22.2 19.5 14 25.9 25.4 2Profit attributable toshareholders15.9 12.0 33 19.9 19.5 2Systems Group (LSG) securedrail projects for Taiwan’s TaoyuanInternational Airport andTurkey’s Marmaray CommuterRail. LSG also secured anintegrated security system projectfor the Dubai Festival City. TheSoftware Systems Group (SSG)secured a 10-year S$255m contractfrom MINDEF to provide sharedservices to active personnel,regulars and NSMen of MINDEFand the SAF. SSG also signed afrom IndosatM2 in Indonesia,Pak Datacom Ltd in Pakistanand Bangladesh, PetroChina’sBureau of Geophysics Oil/GasExploration Group in China tosecure multi-protocol, bandwidthefficient hubs.ST Electronics expects its secondhalf 2007 turnover and profitbefore tax to be higher comparedto the first half of 2007, barringunforeseen circumstances.volume 20 no. 2 3