SIA Engg Q2 profit climbs 5.8% as revenue inches up

SIA Engineering Company (SIAEC) reported a net profit of $71 million for the second quarter ended Sept 30, up 5.8 per cent from the same quarter a year earlier.

Revenue climbed 3.3 per cent to $293.9 million on the back of an increase in airframe and component overhaul work. Earnings per share worked out to 6.39 cents, up from 6.09 cents.

For the six months ended September 30, net profit increased 2 per cent to $140 million from $137.2 million, despite revenue slipping slightly from $585 million to $583.3 million.