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SIA Engineering's Q2 profit down 20% at S$35.5m

Profit hit by lower revenue, higher expenditure, as well as the absence of divestment gain


SIA Engineering (SIAEC) has reported a 20.2 per cent slide in second-quarter net profit to S$35.5 million, due partly to lower revenue and higher expenditure.

Another factor was that for the same quarter last year, profit was bolstered by a S$2.8 million gain arising from...