| |
SINGAPORE: Mainboard-listed SIA Engineering said its second quarter net profit fell 16.8 per cent from a year ago to S$61.1 million.
This was on the back of an 11.2 per cent drop in revenue for the three months ended September to S$248.1 million.
The decline in earnings was mainly due to lower airframe and component overhaul work, as well as lower profits from its associates and joint venture companies.
The company declared an interim dividend of 5 Singapore cents a share for the half year ended September, unchanged from last year.
Looking ahead, SIA Engineering said the prospects for a sustained recovery in the airline industry remain uncertain. It also said it will continue ongoing efforts to extend market reach and increase product mix to broaden its revenue base.
The company added that it will press on with its efforts to manage costs, optimise manpower deployment and improve productivity.
- CNA/sc
|
