SIA posts 28% fall in 4Q earnings to S$203 mil on weaker operating performance, SilkAir’s restructuring

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SINGAPORE (May 16): SIA Group reported full-year earnings of S$683 million, down 47.5% from S$1.3 billion a year ago, primarily due to the lower operating profit and higher non-operating costs.

For 4Q ended March, the group saw a 27.8% drop in earnings to S$203 million, driven by the weaker operating performance and an increase in non-operating items, mainly due to SilkAir’s re-fleeting and restructuring.

Correspondingly, 4Q earnings per share fell from...(click on link for full story on theedgesingapore.com)