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SIA profits down by 80%
By Karamjit Kaur, Aviation Correspondent
May 21, 2010
Turnover hit $12.7 billion compared to almost $16 billion in the year before that. -- ST PHOTO: MUGILAN RAJASEGERAN
FULL-YEAR profits at Singapore Airlines fell almost 80 per cent to $216 million for the 12 months ended March 31.
Turnover hit $12.7 billion compared to almost $16 billion in the year before that.
For the last quarter from January to March, profits were up more than six-fold to $278 million while revenue remained almost unchanged at $3.3 billion.
The airline is proposing a final dividend of 12 cents per share.
All the major subsidiaries in the Group - SIA Engineering, SilkAir and SIA Cargo - achieved better operating results in the fourth quarter, from a year ago.
By Karamjit Kaur, Aviation Correspondent
May 21, 2010
Turnover hit $12.7 billion compared to almost $16 billion in the year before that. -- ST PHOTO: MUGILAN RAJASEGERAN
FULL-YEAR profits at Singapore Airlines fell almost 80 per cent to $216 million for the 12 months ended March 31.
Turnover hit $12.7 billion compared to almost $16 billion in the year before that.
For the last quarter from January to March, profits were up more than six-fold to $278 million while revenue remained almost unchanged at $3.3 billion.
The airline is proposing a final dividend of 12 cents per share.
All the major subsidiaries in the Group - SIA Engineering, SilkAir and SIA Cargo - achieved better operating results in the fourth quarter, from a year ago.
