SINGAPORE (Nov 8): SIA Engineering Company (SIA EC) posted earnings of $38 million for 2Q19, 1.6% lower than $38.6 million in 2Q18 due to lower sales.

Revenue for 2Q fell 8.5% to $251.3 million on the back of lower airframe and fleet management revenue contributions.

Expenditure fell 5.7% on-year to $240 million compared to $254.6 million previously as a result of lower material and subcontract costs.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook