17 May '18, 11am

Singapore Airlines reports 150% jump in full-year profit

SINGAPORE: National carrier Singapore Airlines (SIA) on Thursday (May 17) topped market expectations by reporting a 148 per cent rise in full-year net profit to the highest level since 2011, as passenger and cargo revenue rose and it benefited from a transformation programme. The carrier, a benchmark for Asia's premium airlines, made S$893 million in the year ended March, up from S$360 million a year ago and 28 per cent higher than the S$697 million average forecast from 14 analysts polled by Thomson Reuters I/B/E/S. Advertisement Group revenue rose 6.3 per cent year-on-year to S$15.8 billion, with revenue improvements in all business segments. The board has recommended a final dividend of 30 cents per share for the financial year 2017/18. SIA said that despite its positive results, intense competition remains and cost pressures remain. "Despite stronger advance passenger ...

Full article: https://www.channelnewsasia.com/news/business/singapore-a...

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SINGAPORE (Reuters) - Singapore Airlines Ltd (SIAL.SI ) on Thursday topped market expectations by reporting a 148 percent ...

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