SIA Engineering Up 2% as Net Profit Increases in October-December 2024

MT Newswires

2025/02/17

SIA Engineering's (SGX:S59) net profit increased to SG$38.2 million for the quarter ended Dec. 31, 2024, from SG$26.9 a year earlier, a filing with the Singapore Exchange said on Friday.

Earnings per share rose to SG$0.034 compared with SG$0.0239 in the comparable period.

Revenue increased to SG$324.8 million year over year from SG$291.7 million, mainly due to improved profit from associated and joint venture companies as well as increase in profits from the engine and segment and airframe and line maintenance segments.

Shares of the company were up nearly 2% in recent trading.

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