Hot stock: Tigerair shares fall 4.3% in morning trade

SHARES of Tigerair fell more than 4.3 per cent or 1.5 Singapore cents to S$0.33 in Tuesday morning trade, following the company's release of results.

At 10.23am, it was one of the most active counters on Singapore Exchange (SGX) with almost 7.3 million shares changing hands.

Earlier on Tuesday, the group reported a net loss of S$18.8 million or 0.75 Singapore cent loss per share for its fourth quarter FY2015, which are improvements from the S$95.5 million loss or loss per share of 8.59 cents a year ago.

For the full year at the end of March 2015, net loss was S$264.2 million, worse than the previous year's S$223 million.

In a filing on SGX before markets opened on Tuesday, it said this is the third consecutive financial year that the group has recorded pre-tax losses.