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SIA Q3 profit surges on exceptional gains

Tiger consolidation yields S$119m gain; hedging loss totals S$216m

Nisha Ramchandani

Published Fri, Feb 6, 2015 · 09:50 PM

Singapore

BOOSTED by exceptional gains, Singapore Airlines' fiscal third-quarter net profit roughly quadrupled to S$202.6 million from S$50.1 million for the corresponding quarter a year earlier.

Expectations of a big boost from lower fuel prices fell flat. During the quarter, the group suffered hedging losses of S$216 million vis-a-vis a hedging gain of S$48 million previously.

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