Revenue for 3QFY2023/2024 improved 40.2% y-o-y to $291.7 million while group expenditure rose at a lower rate of 33.8% y-o-y to $295.1 million mainly due to an increase in manpower costs and material costs.
SIA Engineering Company (SIAEC) (SGX:S59
) has reported net profit of $26.9 million for the 3QFY2023/2024 ended Dec 31, 2023, more than double its net profit of $12.8 million in the corresponding period last year.
Net profit for the 9MFY2022/2023 also increased 90.3% y-o-y to $86.2 million.
