Singapore Airlines Engineering net earnings up 9% in FY2011

This reflected the strong recovery momentum in the MRP sector after the aviation downturn in 2009.

According to DBS Vickers, though net profit was slightly below consensus and DBS Vickers' estimates, core operating revenues and margins remained strong, as EBIT grew 23% yoy to $135.7 million on the back of a 10% rise in revenue and better operating margins in boh line and base maintenance.

Overall EBIT margin in FY 2011 was 12.3% compared to FY 2010's 11.0%.

The smaller growth in net profit was due to slower recovey of associate/JV, which was impacted by some start-up expenses as well as a weaker US$, said DBS Vickers. The US$ depreciated almost 10% in 4Q 2011 compared to 4Q 2010.

As passenger numbers and flight movements at Changi continue to grow at an impressive 9.5% and 12.3% yoy respectively YTD in 2011 - SIE's line maintenance operations should continue to benefit. Management also expects the engine and component JVs to recover.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia