, Singapore

SIA Engineering Company's group profit rises to $67.6m

The increase was driven by higher flight activities.

Despite incurring a $21.8m group operating loss, SIA Engineering Company (SIAEC) still saw its group profit rise to $67.6m in FY21/22.

In its latest financial report, SIAEC said profit rose by $78.8M during the period on the back of a 28% higher revenue due to higher flight activities. 

SIAC said wage support, through lower, also helped in pushing its profits higher.

Withotugh wage support, SIAEC said it would have incurred a net loss of $25.9m.

Across segments, SIAEC reported a loss of $12.7m in Engine and Component, and $9.1m in Airframe and Line Maintenance.

The loss, however, was lesser than the previous $25.0m reported in FY20/21.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!