SIA Engineering up 4.4% on improved H2 earnings, higher dividend
Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier
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[SINGAPORE] Shares of SIA Engineering Company rose on Tuesday (May 12) after the Singapore-listed aircraft maintenance provider posted H2 earnings growth.
On Tuesday morning, the counter had climbed as high as S$3.32 in early trade, up by 4.4 per cent or S$0.14.
As at 9.10 am, it had eased to S$3.28, still up by S$0.10 or 3.15 per cent, with 157,500 shares changing hands.
The company on Monday posted a 20.9 per cent year-on-year increase in net profit to S$85.6 million for the six months ended Mar 31, on a 3.7 per cent rise in revenue to S$693.9 million.
Its board recommended a final dividend of S$0.085 a share, up from S$0.07 a share a year earlier.
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