Trade SIA Engineering - S59sg CFD

SIA Engineering Company profile

About SIA Engineering Company Ltd

SIA Engineering Company Limited is a provider of aircraft maintenance, repair and overhaul (MRO) services in Asia-Pacific. The Company's segments include airframe and line maintenance and engine and component. The airframe and line maintenance segment provides airframe maintenance, line maintenance, and fleet management programs. Line maintenance program provides aircraft certification and technical ground handling services, such as push-back and towing, and the provision of aircraft ground support equipment and rectification work. Fleet management program consists of fleet technical management and inventory technical management services, which include the provision of comprehensive engineering and MRO solutions that can be customized to provide maintenance support to airlines. The engine and component segment provides component overhaul and engine repair and overhaul services.

Financial summary

BRIEF: For the six months ended 30 September 2021, SIA Engineering Company Ltd revenues increased 18% to SP$263.5M. Net income totaled SP$25M vs. loss of SP$19M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Impairment of base maintenance assets decrease from SP$35M (expense) to SP$0K, Other Expenses decrease of 15% to SP$39.6M (expense).