SIA’s Q2 net profit nearly triples to SGD190m
SIA said Tuesday that its Q2 net profit nearly tripled from the same period last year, but warned that headwinds remain from intense competition in key markets. Net profit for its fiscal Q2 ended September rose 192% year-on-year to SGD190m (US$139.35m), led largely by stronger operating results, SIA said. Operating profit for Q2 113% to SGD232m, as a SGD195m improvement in revenue surpassed a SGD72m increase in expenditure. The companies in the group recorded mixed results: The parent airline company and SIA Cargo posted earnings growth, while Scoot and SilkAir recorded weaker earnings. Operating profit for the parent airline company more than doubled year-on-year to SGD170m in Q2, in part due to higher passenger flown revenue from a 2.3% increase in passenger traffic. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-08/star/sia2019s-q2-net-profit-nearly-triples-to-sgd190m
https://portal.staralliance.com/cms/logo.png
SIA’s Q2 net profit nearly triples to SGD190m
SIA said Tuesday that its Q2 net profit nearly tripled from the same period last year, but warned that headwinds remain from intense competition in key markets. Net profit for its fiscal Q2 ended September rose 192% year-on-year to SGD190m (US$139.35m), led largely by stronger operating results, SIA said. Operating profit for Q2 113% to SGD232m, as a SGD195m improvement in revenue surpassed a SGD72m increase in expenditure. The companies in the group recorded mixed results: The parent airline company and SIA Cargo posted earnings growth, while Scoot and SilkAir recorded weaker earnings. Operating profit for the parent airline company more than doubled year-on-year to SGD170m in Q2, in part due to higher passenger flown revenue from a 2.3% increase in passenger traffic. <br/>
