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Q2 results underscore resilience of Singapore listcos

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Jude Chan

Jude Chan

Published Mon, Sep 12, 2022 · 05:50 AM
    • SIA was one of the best performers in Q2, as it reversed out of the red and recorded its second highest quarterly operating profit.
    • SIA was one of the best performers in Q2, as it reversed out of the red and recorded its second highest quarterly operating profit. PHOTO: BT FILE

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    SINGAPORE listcos stayed resilient in the quarter ended June despite concerns over a global economic slowdown.

    Almost 2 in 3 of them came in above water - just slightly down from the 70 per cent plus which posted profits in the corresponding period last year.

    Of the 61 listcos that were profitable in the quarter, nearly 7 in 10 reported improvements from the year-ago period, according to data compiled by The Business Times as at Sep 5.

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