Excluding the divestment, SIAEC’s 1Q earnings would have been 4.7% lower than the earnings of $38.0 million in same quarter last year.
SINGAPORE (July 25): SIA Engineering Company posts earnings of $36.2 million for the first quarter ended June, 81.8% lower than earnings of $198.4 million a year ago.
This was mainly due to the absence of gain from the divestment of SIAEC’s 10% stake in Hong Kong Aero Engine Services last year.
