Singapore Airlines (SGX: C6L) posted net profit attributable to owners of SG$290.0 million in the fiscal second quarter ended Sept.30, down 59% from SG$707.0 million a year ago, mainly due to weaker operating performance.
Earnings per share fell to SG$0.094 during the period, from SG$0.166 in the year-ago period, according to a Friday Singapore bourse filing. Analysts polled by Visible Alpha expected EPS to come in at SG$0.179.
The national flag carrier's revenue for the three months ended Sept. 30, however, rose 2% year on year to SG$4.78 billion from SG$4.68 billion, a little higher than SG$4.72 billion expectation of analysts polled by Visible Alpha.
Singapore Airlines also declared an interim dividend of SG$0.1 per share for the six months ended Sept. 30, which will be paid on Dec. 11 to shareholders as of Nov. 27.
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