Wednesday, December 2, 2015   

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:
Eurozone jobless ranks shrink to new low (12-01 19:16)
Bailout fund plugs 2.7b euro shortfall at Greek bank (12-01 18:37)
Chinese consortium plows US$400m into Man City (12-01 18:32)
Hang Seng, Shanghai stocks close higher (12-01 17:23)
Financial markets await Draghi’s holiday season surprise (12-01 17:19)
Coca-Cola funded controversial anti-obesity group winds up (12-01 14:14)
Amazon says drones will deliver 5 pound packages (12-01 14:10)
Australia keeps rates at 2pc (12-01 14:07)
Samsung shoves aside mobile unit boss Shin Jong Kyun (12-01 14:04)
China factory output hits new low, services improve (12-01 14:00)

More breaking news >>

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