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SIA Engineering's Q3 profit dips amid challenging environment

Decrease mainly due to lower share of profits from associated and joint venture companies

Published Fri, Feb 8, 2019 · 09:50 PM

Singapore

SIA Engineering reported a second consecutive weak quarter amid a challenging operating environment, with third-quarter net profit declining 40 per cent to S$33.1 million.

The decrease was mainly due to a lower share of profits from associated and joint venture companies, which fell 52.9 per cent year-on-year to S$19.2 million.

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