SIA Engineering - Group Profit up 46% to $53.2M for 3rd Quarter 2005-06

SIA (Singapore) - Third Quarter FY2005-06 - The Group posted a net profit of $53.2 million in the third quarter of FY 2005-06. Joint venture and associated companies operating in Singapore and 5 other countries continued to perform well, contributing a substantial 47.2% to the quarter's pre-tax profits. The Company also benefited from the operation of two new hangars commissioned in 2005. Q3 FY 2005-06 operating profit of $22.6 million and net profit of $53.2 million were 101.8% and 46.2% respectively better than in Q3 FY 2004-05.