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Singapore Airlines 1Q earnings fall 8.4% to $235.1 mil despite improved revenue

Jude Chan
Jude Chan7/27/2017 7:1 PM GMT+08  • 2 min read
Singapore Airlines 1Q earnings fall 8.4% to $235.1 mil despite improved revenue
SINGAPORE (July 27): Singapore Airlines (SIA) posts group earnings of $235.1 million for 1Q ended June, down 8.4% from earnings of $256.6 million a year ago.
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SINGAPORE (July 27): Singapore Airlines (SIA) posts group earnings of $235.1 million for 1Q ended June, down 8.4% from earnings of $256.6 million a year ago.

This was mainly attributable to the absence of last year’s gain on SIA Engineering’s divestment of its 10.0% stake in Hong Kong Aero Engine Services (HAESL) and special dividends of $178 million received from HAESL.

The decline was partially mitigated by an $88 million increase in group operating profit, and a $47 million decrease in share of losses from associated companies.

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