SIAEC posts 5.9% rise in Q4 profit; trims final dividend

Singapore

SIA Engineering Company's (SIAEC) Q4 net profit rose 5.9 per cent year-on-year to S$52.2 million as its operating performance was strengthened by government support, but the group trimmed its final dividend from eight cents to five cents a share, underlining the need to conserve cash amid the ongoing Covid-19 pandemic.

Revenue was 10.4 per cent lower at S$$229.3 million, in line with lower revenue from the airframe and line maintenance segment as scores of flights were grounded in March.