SINGAPUR (dpa-AFX) - Thursday, SIA Engineering Company Limited (O3H.F) announced the first-quarter financial results for the fiscal year 2026/27.
Net profit for the quarter totaled $40.3 million compared to $42.9 million in the previous year.
On a per-share basis, earnings after tax stood at 3.59 cents compared to last year's 3.82 cents.
Operating profit increased to $13.2 million from $5.1 million in the earlier year.
Revenue for the period went down to $327.6 million from $358.4 million in the prior year, mainly due to lower revenue from materials, with a commensurate reduction in the cost of materials.
Looking ahead, the company stated that it remains confident in the fundamentals of the Asia-Pacific MRO market despite the ongoing geopolitical tensions in the Middle East, supply chain constraints and inflationary pressures.
SIA's stock is currently trading at 2.2 euros on the Frankfurt Exchange.
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