SIAEC Operating Profit Falls

SIAEC Group revenue grew this year to $31.5m, a 2.7% increase on last year. Total profits reached $265.7m, operating profits fell to $12.5m due to a $44m increase in expenditure. Higher staff costs, subcontractors and material costs account for the increase in expenditure. A $3.6m exchange loss also played a role. Engine repairs and overhaul centres accounted for $125m in profits, a $12.4m increase from the previous year.

TAGS: Asia Pacific
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