SIAEC posts 36.5% drop in Q4 profit

Singapore

SIA Engineering Company's (SIAEC) net profit fell 36.5 per cent year on year to S$41.4 million for the fourth quarter ended March 31, 2015 in line with lower revenue.

Revenue declined 11.3 per cent to S$276 million as a result of lower airframe and component overhaul revenue, while earnings per share worked out to 3.69 Singapore cents, down from 5.85 cents a year ago.