SIA Engineering posted a profit attributable to owners of the parent of $44.5 million, or 3.96 cents a share, for the 2Q ended Sept. This was $2.4 million, or 5.7%, higher than the same quarter last year. Revenue fell 6.7% to $266 million, with lower airframe and component overhaul and fleet management revenue, partially mitigated by higher line maintenance revenue. Expenditure at $239 million was $30.3 million, or 11.3%, lower, owing mainly to a drop in subcontract, staff and material costs. As a result, operating profit improved $ 11.1 million, or 69.8%, to $27 million. Share of profits from associated and joint-venture companies was $18.7 million and to 10.4 million respectively. Contributions from the engine repair and overhaul centres at $11.7 million and $8.3 million respectively. The cash balance of the group was $406.2 million, down 12.4% y-o-y. In its outlook, SIA Engineering says the operating environment remains challenging. “Lower work ......