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Old 15th February 2020, 10:30 AM   #1
9V-SKU
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Default SIA Group Financial Results

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%).

Last edited by 9V-SKU; 16th February 2020 at 08:49 AM..
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Old 16th February 2020, 08:08 AM   #2
kevin-sg
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Quote:
Originally Posted by 9V-SKU View Post
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 we 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%).
Unfortunately, Q4 will but a dent on the otherwise stellar results for FY19/20. Chances are high that SIA may suffer from a Q4 Financial Loss.
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Old 18th February 2020, 08:58 AM   #3
jul247
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Curious to know of Budget Aviation Holdings are generating profit for the Group. They have been the black sheep for some time now.
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