, Singapore
Photo from SIAEC

SIAEC posts higher net profit of $26.9m in 3Q23/24

The 3Q23/24 record is an improvement of $14.1m year-on-year.

SIA Engineering Company (SIAEC) recorded a net profit of $26.9m for the 3Q23/24 period, translating to a $14.1m increase from 3Q22/23.

In the same period, SIAEC recorded a 40.2% YoY higher revenue of $291.7m and higher expenditure of $295.1m.

Since revenue growth was higher than the recorded rise in expenditure, SIAEC recorded a lower operating loss of $3.4m in 3Q23/24.

“If we exclude the impact of foreign exchange loss, the Group would have achieved an operating profit of $0.5m in 3Q23/24,” SIAEC said.

Despite higher net profit, SIAEC’s equity attributable to owners of the parent dropped 0.3% YoY to $1.66b.

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!