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Home / Capital / Results

SIA Engineering reports 85.7% lower 3Q20/21 net profit of $7.7 mil; cushioned by JSS

Results

SIA Engineering reports 85.7% lower 3Q20/21 net profit of $7.7 mil; cushioned by JSS

Felicia Tan Published on Fri, Jan 29, 2021 / 5:43 PM GMT+8

As business segments continue to be adversely impacted by the Covid-19 pandemic, SIA Engineering has reported net profit of $7.7 million for the 3QFY2020/2021 ended December, lower 85.7% lower y-o-y.

The figure was bolstered by grants from government support schemes, most significantly, the jobs support scheme (JSS).

Without the support, the group would have reported a loss of $44.7 million for the 3QFY2020/2021.