SIAEC – BT

SIA Engg Q4 earnings rise 8.9%

SIA Engineering Co (SIAEC) posted a net profit of $66.3 million for the fourth quarter ended March 31, 2012, an 8.9 per cent rise from $60.9 million for the previous corresponding quarter on the back of higher profits from associated and joint venture companies.

Earnings per share came to 6.04 cents, up from 5.59 cents previously. Operating profit totalled $32.5 million, a 6.2 per cent rise from $30.6 a year ago on higher revenue.

The group, which posted its results late yesterday, said that revenue for the three months jumped 16.4 per cent to $316.5 million.

On its outlook, SIAEC noted that uncertainties in the world's major economies and oil price volatility continue to impact the aviation industry.

SIAEC – BT

SIA Engg Q4 earnings rise 8.9%

SIA Engineering Co (SIAEC) posted a net profit of $66.3 million for the fourth quarter ended March 31, 2012, an 8.9 per cent rise from $60.9 million for the previous corresponding quarter on the back of higher profits from associated and joint venture companies.

Earnings per share came to 6.04 cents, up from 5.59 cents previously. Operating profit totalled $32.5 million, a 6.2 per cent rise from $30.6 a year ago on higher revenue.

The group, which posted its results late yesterday, said that revenue for the three months jumped 16.4 per cent to $316.5 million.

On its outlook, SIAEC noted that uncertainties in the world's major economies and oil price volatility continue to impact the aviation industry.

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