Thursday, July 24, 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.
   
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