SIAEC reports flat profit in Q4 despite rise in revenue

Singapore

SIA Engineering Co (SIAEC) reported a flat net profit of S$41.4 million for the fourth quarter ended March 31, 2016, due in part to higher expenses and lower share of profits of joint ventures.

This was despite revenue rising from S$276 million in the corresponding quarter a year earlier to S$294.2 million, on the back of contributions from all the business units and in particular from line maintenance and fleet management. Earnings per share were 3.69 Singapore cents, comparable to a year ago.