SIA Engineering Company Limited’s (SIAEC) (SGX: S59) annual general meeting (AGM) was held on 20 Jul 2017. Our team went to the meeting to find out more about how the business is doing. The meeting turned out to be very informative, with the management team being candid on the Group’s current challenges and how it plans to drive the company forward over the next few years.
If you are unfamiliar with the business of SIA Engineering Company, you can view our analysis of the company right here.
From the AGM, here are four key takeaways we discovered during the meeting:
Discovery 1: On Financial Review
On the surface, financial results have appeared to be healthy. Revenues growth showed a slight increment of 0.8% year-on-year to S$1.1 billion. Its net profits have appeared to improved substantially, growing 88.2% year-on-year to S$332.4 million. Moreover, net profit margins …