Singapore Sia Engineering Tender

SIA Engineering Company on Friday posted a net profit of S49.3 million for the fourth quarter ended March 31 12.3 per cent lower than a year ago.This was partly due to a S15 million one-off gain in the year-ago period on the divestment of Asian Compressor Technology Services Company Limited.Revenue also shrank 7.4 per cent to S256 million on lower fleet management activities. Earnings per share for the quarter was 4.4 Singapore cents compared to 5.02 cents in the fourth quarter of the previous year.For the full year net profit was S160.9 million down 13.9 per cent from the previous year. Revenue stood at S1.02 billion 6.8 per cent lower than in FY1718 mainly on the back of a decline in airframe and fleet management revenue.