ST Engineering buys back 2 million shares for over $7m

The price per share ranged from $3.66 to $3.7.

Singapore Technologies Engineering (ST Engineering) bought back 2 million shares for over $7m. The price range stands at $3.66 to $3.7 per share.

There are now 3,321,400 shares purchased by market acquisition whilst there are 4,580,553 treasury shares held after purchase.

ST Engineering had its profits slip 1.7% YoY to $494.24m from $502.63m in 2017. Revenue inched up 2.7% YoY to $6.69b from $6.52b. The decline was attributed to the 39% decrease in profits from its land systems sector to $52.9m.

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