SIA Engineering reports mixed results in 2QFY2010, outlook moderate

SIA Engineering revenue up 11.7% - financial highlights for the three months ended 30-Sep-2010:

• Revenue*: USD215.1 million, +17% year-on-year;
• Operating profit: USD26.7 million, -2.0%;
• Net profit: USD51.6 million, +8.8%;
• Dividend: USD 4.66 cents per share, +1%;
• Total assets: USD12.0 mill1,202 million, -0.8% when compared with the period ended 31-Mar-2010
• Cash and cash equivalents: USD36.7 million, -8.0% when compared with the period ended 31-Mar-2010. [more]

*Based on the conversion rate at USD1 = SGD1.28802

SIA Engineering: "Given the strong performance in the first half, the group's performance in the second half is expected to moderate. The group will continue to strengthen its competitiveness through new service offerings and strategic collaborations to take advantage of the long-term growth in the aviation industry," Company statement. Source: SIA Engineering, 02-Nov-2010.