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SIA Reports 2 Fold Increase In 1H16 Net Profit
Daily Bulletin | 06 November 2015
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Singapore Airlines (SIA) 1H16 net profit increased more than twofold to $304.8 million, from the net profit of $125.7 million last year.

The group reported revenue of $7.6 billion, comparable to that of last year’s revenue with just a dip of 0.12 percent. Profitability came in the form of the absence of the group’s share of losses of associated companies, which declined $117 million mainly due to the reclassification of Tigerair as a subsidiary company.

Singapore Airlines  9.150 +0.09 +0.99%   
Business: Co provides air transportation services to destinations spanning a network spread over 6 continents. [FY19 Turnover] SIA (80%), Budget Aviation (10.5%), SilkAir (6.2%), SIAEC (3.1%), others (0.2%).

Insight: May-19, FY19 revenue edged up 3.3% to $16.3b. Pass... Read More

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