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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.