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SIA Q1 earnings fall in absence of one-time gain; operating profit up

Yields continue to be under pressure amid competition but SIA Cargo bucks trend

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The group's transformation programme is ongoing, to identify new opportunities for revenue generation, and to restructure its cost base.

Singapore

SINGAPORE Airlines' fiscal first-quarter net profit fell due to the absence of a one-off gain but its operating profit strengthened on the back of stronger revenue.

The airline reported a net profit of S$235.1 million for the three months ended June 30, 2017, down about 8

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