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SIA Engineering profit after tax dips 11.7% y-o-y in 1QFY2022/23, wage support ends July

Jovi Ho
Jovi Ho7/25/2022 06:59 PM GMT+08  • 3 min read
SIA Engineering profit after tax dips 11.7% y-o-y in 1QFY2022/23, wage support ends July
The group reported revenue of $171.5 million for the quarter, up 36.9% y-o-y.
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SIA Engineering has reported profit after tax of $12.8 million for the 1QFY2022/23 ended June, 11.7% lower y-o-y.

The group reported revenue of $171.5 million for the quarter, up 36.9% y-o-y.

The increase was largely driven by the increase in line maintenance revenue due to the higher number of flights handled, says SIA Engineering in a July 25 Singapore Exchange (SGX) filing.

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