Thursday, July 31, 2014   

Singapore Airlines books higher third-quarter net profit
(02-07 19:08)

Singapore Airlines said Thursday its third-quarter net profit rose six percent year-on-year as the sale of aircraft and spare engines as well as interest income offset the impact of a business slowdown.
Net profit for the last three months of 2012 totalled Sg$143 million (HK$898 million), SIA said, attributing the rise to gains from the "sale of aircraft, spares and spare engines, and higher net interest income''.
Revenue however eased 0.40 percent to Sg$3.86 billion, and the carrier warned of tough times ahead for the passenger and cargo markets, AFP reports.
   
Other Business breaking news:
Fujitsu says returns to profit on strong PC, mobile sales (07-31 17:53)
Hutchison, Cheung Kong profits soar (07-31 16:59)
HK retail sales shrink in June (07-31 16:48)
Hang Seng extends win streak to eight (07-31 16:13)
Panasonic profit dives (07-31 16:02)
Toshiba net profit soars in first quarter (07-31 15:48)
ANA withdraws plan to buy stake in Myanmar airline (07-31 15:47)
European markets directionless (07-31 15:43)
Lloyds bank interim net profits slump (07-31 14:51)
Shell triples net profits in second quarter (07-31 14:50)

More breaking news >>

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