SIA Engineering posts 19.8% increase in 4Q earnings to S$55 mil; declares 9 cents dividend

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SINGAPORE (May 15): SIA Engineering Company (SIAEC) reported 4Q18 earnings increased 19.8% to S$55.0 million, compared with S$45.9 million in 4Q17.

This brings FY17 earnings to S$184.1 million, 44.6% lower than S$332.4 million in FY17, as FY17’s profit included a one-off divestment gain. Excluding the impact of the divestment, the group’s FY18 earnings would have been 7% higher y-o-y.

Revenue for the fourth quarter ended March was 6.4% lower at S$276.4 million, from S$295.4 million, mainly due to lower airframe and...(click on link for full story on