SIA published the group’s Q3 financial results on 14 Feb. 2020 for their 2019/20 financial year.
Headline reads as “double-digit rate of growth in operating profit and net profit for the quarter”.
However significant challenges are to be expected for the current quarter due to COVID-19.
Details can be found on the SQ website.
WIDE-RANGING TRANSFORMATION CONTINUES TO DRIVE STRONG RESULTS
• Transformation delivers record revenue and strengthens operational resilience
• Double-digit rate of growth in operating profit and net profit for the quarter
• SIA Group well-positioned to weather current challenges posed by COVID-19
outbreak
GROUP FINANCIAL HIGHLIGHTS
The SIA Group delivered a strong set of results in the third quarter of the 2019/20 financial year. Group revenue for the quarter was at a record high of $4,471 million, boosted by initiatives arising from the Transformation programme. Operating profit increased $61 million (+15.7%) from last year to $449 million, driving a Group net profit improvement of $31 million (+10.9%) to $315 million.
For the nine months ended 31 December 2019, Group operating profit rose $48 million (+5.9%) to $862 million and net profit was up $40 million (+8.3%).
Headline reads as “double-digit rate of growth in operating profit and net profit for the quarter”.
However significant challenges are to be expected for the current quarter due to COVID-19.
Details can be found on the SQ website.
WIDE-RANGING TRANSFORMATION CONTINUES TO DRIVE STRONG RESULTS
• Transformation delivers record revenue and strengthens operational resilience
• Double-digit rate of growth in operating profit and net profit for the quarter
• SIA Group well-positioned to weather current challenges posed by COVID-19
outbreak
GROUP FINANCIAL HIGHLIGHTS
The SIA Group delivered a strong set of results in the third quarter of the 2019/20 financial year. Group revenue for the quarter was at a record high of $4,471 million, boosted by initiatives arising from the Transformation programme. Operating profit increased $61 million (+15.7%) from last year to $449 million, driving a Group net profit improvement of $31 million (+10.9%) to $315 million.
For the nine months ended 31 December 2019, Group operating profit rose $48 million (+5.9%) to $862 million and net profit was up $40 million (+8.3%).
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