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SIA Engineering Company reverses into black with FY2021/2022 earnings of $67.6 mil

Felicia Tan
Felicia Tan • 2 min read
SIA Engineering Company reverses into black with FY2021/2022 earnings of $67.6 mil
FY2021/2022’s earnings per share (EPS) stood at 6.02 cents. Photo: SIAEC
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SIA Engineering Company (SIAEC) has reported earnings of $67.6 million for the FY2021/2022 ended March, reversing into the black from the loss of $11.2 million for the FY2020/2021.

For the 2HFY2021, the company saw earnings of $42.6 million, 5.5 times higher than the earnings of $7.8 million in the corresponding period the year before.

The better performance was attributed to the gradual recovery of flight activities during the year, with a faster pace of recovery in the second half.

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