With continued support from government grants, SIA Engineering net profit increased 35.5% y-o-y to $14.5 million for 1QFY2021/22 ended June.

Although support from the Job Support Scheme (JSS) was lower than the same period last year, it “substantially cushioned” the impact of low-flight activities, says SIA Engineering Group in a July 23 business update. Without this support, the Group would have recorded a loss of $24.1 million.

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