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VIRUS OUTBREAK

SIA Engineering Q1 profit drops 74.3% to $10.7m

Company says it would have recorded a loss of S$36.7 million if not for government support schemes

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SIA Engineering Company said it would have recorded a loss of S$36.7 million if not for government support schemes.

Singapore

SIA Engineering Company (SIAEC), the maintenance arm of Singapore Airlines, recorded a net profit slide of 74.3 per cent to S$10.7 million between April and June 2020, compared with the same quarter a year ago.

The mainboard-listed company said in its financial statement...

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