SIA Engineering Company Ltd. reported a 21.1% year-on-year increase in group net profit to $83.3 million for the first half of FY2025/26, supported by strong demand for maintenance, repair, and overhaul (MRO) services. Operating profit rose from $3.4 million to $13.0 million, despite one-time impairment charges, IT system implementation costs, and start-up losses from two subsidiaries. The company expanded its service offerings with new capabilities in CFM LEAP-1B engine servicing and Air Data Inertial Reference Unit component repair. New service agreements with Singapore Airlines and Scoot, valued at approximately $1.3 billion, commenced in April 2025. SIA Engineering also highlighted ongoing digitalisation initiatives and the commencement of operations at Techo International Airport in Cambodia. You can access the full presentation through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SIA Engineering Company Ltd. published the original content used to generate this news brief on November 05, 2025, and is solely responsible for the information contained therein.
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