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SIA Engineering posts 12.3% drop in 4Q earnings to $49.3 mil; declares 8 cents final dividend

Samantha Chiew
Samantha Chiew • 2 min read
SIA Engineering posts 12.3% drop in 4Q earnings to $49.3 mil; declares 8 cents final dividend
SINGAPORE (May 10): SIA Engineering reported 4Q19 earnings of $49.3 million, 12.3% lower compared to 4Q18 earnings of $56.2 million.
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SINGAPORE (May 10): SIA Engineering reported 4Q19 earnings of $49.3 million, 12.3% lower compared to 4Q18 earnings of $56.2 million.

Excluding the $15 million gain on divestment of Asian Compressor Technology Services (ACTS), 4Q19 earnings would have been 19.7% higher

Revenue for the quarter came in at $256.0 million, 7.4% lesser than $276.4 million a year ago, mainly from lower fleet management activities.

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