ST Engineering's 1Q Profits Rise

Singapore Technologies Engineering said that the company's profits rose 13 percent in the first quarter, thanks to higher profits from aerospace and defense work, while shipbuilding revenue and profits were flat.
Overall profits for the period were $122.5 million , or about $90 million, up from $108.8 million in 2007's first three months, the Press Register reported.
Revenues were $1.3 billion , about $968 million, up 8 percent from the year-ago period.
The company's order book fell to $9.2 billion at the end of March from $9.5 billion at the end of 2007.
Source:  Press Register