Shares & Derivatives
SIA Engineering Posts 6.7% Rise in 3Q Earnings to $49.4 million
By The Fifth Person  •  February 2, 2016
SIA Engineering Group posted earnings of 949.4 million for 3Q, an increase of 6.7% from a year ago. This was mainly due to an increase in share of profits, boosted by one-time gains, from its associated and joint venture companies. For the three months to December, revenue grew 3.7% to $257.2 million lifted by higher fleet management and line maintenance revenue. Expenditure increased at a lower rate of 2.2% to $246.2 million, with increases in material and staff costs mitigated by decreases in other expenses. As a result, operating profit increased 19.3% to $29 million. Share of profits from associated and joint venture companies also rose 31.2% to $33.2 million, mainly contributed by one-time restructuring gains, including profit from the sale of facilities. The contributions from the engine repair and overhaul centres increased 25.6% to $19.6million. Shares in SLA Engineering ended ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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