Revenue for the fourth quarter ended March was 6.4% lower at $276.4 million from $295.4 million, mainly due to lower airframe and component overhaul and fleet management revenue.
SINGAPORE (May 15): SIA Engineering Company (SIAEC) reported 4Q18 earnings increased 19.8% to $55.0 million, compared to $45.9 million in 4Q17.
This brings FY18 earnings to $184.1 million, 44.6% lower than $332.4 million in FY17, as FY17’s profit included a one-off divestment gain. Excluding the impact of the divestment, the group’s FY18 earnings would have been 7% higher y-o-y.
