SIA Engineering's Q2 profit rises 5.7% on cost cuts

Singapore

LOWER expenses lifted second-quarter earnings for aircraft maintenance firm SIA Engineering, which kept its interim dividend per share unchanged from last year at six Singapore cents even as the topline took a hit.

The group's Q2 net profit rose 5.7 per cent year on year to S$44.5 million for the three months ended Sept 30, it said in a Singapore Exchange filing on Monday. This works out to earnings per share (EPS) of 3.96 Singapore cents, up from 3.75 Singapore cents the previous year.