SIA Group net profit down 56% in 1HFY2015

SIA Group revenue down 2% - consolidated financial highlights for six months ended Sep-2014:

• Revenue: SGD7587.3 million (USD6062.6 million), -2.0% year-on-year;
• Total operating costs: 7416.1 million (USD5925.7 million), -2.1%;
• • Fuel: SGD2802.1 million (USD2239 million), -3.7%;
  • Labor: SGD1160.1 million (USD926.9 million), -2.7%;
• Operating profit: SGD171.2 million (USD136.8 million), +1.5%;
• • Singapore Airlines: SGD183 million (USD146.2 million), -1.6%;
  • SIA Engineering: SGD37 million (USD29.6 million), -34%;
  • Silkair: SGD5 million (USD4.0 million), -77.3%;
  • SIA Cargo: (SGD34 million) (USD27.2 million), compared to a loss of SGD71 million (USD56.7 million) in p-c-p;
• Net profit: SGD125.7 million (USD100.4 million), -55.5%;
• Passenger numbers:
• • SIA: 9.5 million, +1.6%;
  • SIlkair: 1.7 million, +2.1%;
• Passenger yield:
• • SIA: SGD10.90 cents (USD8.71 cents),
  • SIlkair: SGD13.30 cents (USD10.63 cents), -5%;
• Passenger load factor:
• • SIA: 79.8%, +0.2 ppt;
  • SIlkair: 69.7%, +0.4 ppt;
• Cargo volume: 555,600 tonnes, -0.3%. [more - original PR]

*Based on the average conversion rate at USD1 = SGD1.2515