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SIA posts 20.7% fall in 1Q earnings to $111 mil on higher losses from Virgin Australia

Uma Devi
Uma Devi • 2 min read
SIA posts 20.7% fall in 1Q earnings to $111 mil on higher losses from Virgin Australia
SINGAPORE (July 31): SIA Group reported earnings of $111.1 million for 1Q19/20 ended June, 20.7% lower than a year ago.
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SINGAPORE (July 31): SIA Group reported earnings of $111.1 million for 1Q19/20 ended June, 20.7% lower than a year ago.

The weaker bottomline was mainly due to higher share of losses from associate Virgin Australia despite an improvement in Vistara’s performance.

Correspondingly, earnings per share fell to 9.4 cents from 11.8 cents the previous year.

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