SIAEC in the black for H2, but posts full-year loss
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SIA Engineering Company (SIAEC) managed to stay in the black in the second half of its financial year, with generous help from government wage subsidies even as the company pared staff, sub-contract and material costs.
Still, it could not stave off a full-year loss, said the maintenance, repair and operations (MRO) service provider in a bourse filing on Tuesday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.