SIA Engineering Co's Q2 net profit rises 7% to S$38m
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Nisha Ramchandani
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Singapore
BOLSTERED by a higher share of profits from associated companies, SIA Engineering Company's (SIAEC) second-quarter net profit rose 7.3 per cent year-on-year to S$38.1 million.
Revenue edged up 3.7 per cent to S$274.7 million, in line with growth in airframe and component overhaul and line maintenance revenue; this was partly offset by a decrease in fleet management revenue. Meanwhile, earnings per share clocked 3.4 Singapore cents, up from 3.17 cents a year ago.
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