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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
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Published Tue, Nov 1, 2016 · 09:50 PM
Singapore
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 the partial disposal of an associated company, and a S$1.5 million dividend from Hong Kong Aero Engine Services Ltd (HAESL).
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