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SIA reports higher Q3 profit
Net profit surges 61.5% y-o-y to S$286.1m; but airline flags competition and rising fuel prices as challenges
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Published Tue, Feb 13, 2018 · 09:50 PM
Singapore
SINGAPORE Airlines' (SIA) third quarter profit surged ahead, bolstered by higher passenger and cargo revenues, as well as from the absence of a write-down that was made in the corresponding period last year.
Net profit jumped 61.5 per cent year-on-year to S$286.1 million, as operating profit climbed S$37 million, and as its bottom line was boosted by the absence of the S$79 million write-down of the Tigerair brand and trademark that was made last year.
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