SIA Engineering posts 4.2% increase in 3Q earnings to S$54.8m

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SINGAPORE (Feb 2): SIA Engineering reported 3Q18 earnings rose 4.2% to S$54.8 million, compared to S$52.6 million in 3Q17.

Revenue for the quarter came in at S$271 million, 0.5% lower than S$272.3 million in the previous year, with the decrease in fleet management revenue partially mitigated by an increase in line maintenance revenue.

The group’s expenditure was 2.31% higher at S$252.8 million compared to S$247.1 million last year, mainly due to an exchange loss of S$1.7 million incurred against an exchange gain of S$4.8 million in the corresponding quarter last year, partially offset by a decrease in subcontract services... (Click here to read the full story.)