SUBSCRIBERS
Boost for SIA from better operating profit, divestment gain
Q1 net profit almost trebles to S$256.6m from S$91.2m, helped by lower fuel costs, S$133m one-time gain
Published Thu, Jul 28, 2016 · 09:50 PM
Singapore
SINGAPORE Airlines (SIA) posted a near trebling in first-quarter earnings, with the boost coming from better operational performance and a divestment gain.
For the three months ended June 30, net profit leapt 181.4 per cent to S$256.6 million despite a 2.1 per cent decline in group revenue to S$3.65 billion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch
Parkway Life Reit Q1 DPU up 4% to S$0.0379