SIA expected to unveil better Q4 results
Analysts see boost to profits from reduced fuel costs and lower hedging losses
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Nisha Ramchandani
Singapore
A BETTER performance could be on the cards for Singapore Airlines (SIA), when it reports its fourth-quarter and full-year results on Thursday, aided in part by lower fuel costs and lower hedging losses.
UOB Kay Hian director of Asia transport research, K Ajith, expects SIA to marginally pip the consensus FY2015 net profit estimate of S$382 million. "Key drivers are lower fuel prices, lower fuel hedging losses and improved cargo profitability arising from higher utilisation," he said, predicting a final dividend of 17 Singapore cents for the financial year. But he flagged potential "surprises" from foreign exchange-related losses on aircraft disposal.
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