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SIA Engineering reports 1.6% lower 2Q earnings of $38 mil on revenue decline

Michelle Zhu
Michelle Zhu • 2 min read
SIA Engineering reports 1.6% lower 2Q earnings of $38 mil on revenue decline
SINGAPORE (Nov 8): SIA Engineering Company (SIA EC) posted earnings of $38 million for 2Q19, 1.6% lower than $38.6 million in 2Q18 due to lower sales.
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SINGAPORE (Nov 8): SIA Engineering Company (SIA EC) posted earnings of $38 million for 2Q19, 1.6% lower than $38.6 million in 2Q18 due to lower sales.

Revenue for 2Q fell 8.5% to $251.3 million on the back of lower airframe and fleet management revenue contributions.

Expenditure fell 5.7% on-year to $240 million compared to $254.6 million previously as a result of lower material and subcontract costs.

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