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SIAEC's Q3 boosted by restructuring gains

Net profit up 6.7% at S$49.4m, group warns of more restructuring ahead amid a tough MRO landscape

Published Mon, Feb 1, 2016 · 09:50 PM

Singapore

ONE-TIME restructuring gains boosted the earnings of SIA Engineering Group (SIAEC) in its third quarter, as it continues to streamline its businesses amid a challenging operational landscape.

The group's Q3 net profit rose 6.7 per cent year on year to S$49.4 million for the three months ended Dec 31, it said in a Singapore Exchange filing on Monday.

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