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Turnaround bid slashes Tiger Airways' Q4 loss

Shares take a hit as quarter's deficit raises full-year loss to S$264.2m

Nisha Ramchandani

Published Tue, May 5, 2015 · 09:50 PM

Singapore

SHARES in Tiger Airways took a hit on Tuesday after it unveiled a fiscal fourth-quarter net loss of S$18.82 million, raising its full-year (FY2015) net loss to S$264.23 million. The stock fell 2.5 cents, or 7.2 per cent, to close the day at 32 Singapore cents.

Although the Q4 FY2015 net loss was sharply lower than the S$95.51 million deficit a year ago, the full-year net loss was 18.5 per cent higher than FY2014's S$223 million.

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