Home Capital Results

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

Felicia Tan
Felicia Tan1/29/2021 05:43 PM GMT+08  • 3 min read
SIA Engineering reports 85.7% lower 3Q20/21 net profit of $7.7 mil; cushioned by JSS
Without support te government, the group would have reported a loss of $44.7 million for the 3QFY2020/2021.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now