Aircraft maintenance firm SIA Engineering said net profit rose 7.3 percent in the second quarter, helped in part by the increased share of profits from associated and joint venture companies.
Net profit attributable to owners of the company rose to S$38.1 million in the three months ended September 30 compared to S$35.5 million in the corresponding period last year.
Total revenue for the quarter rose 3.7 percent to S$274.7 million, the company said in a reglatory filing after market hours.
Share of profits from associated and joint venture companies in the second quarter was S$22.9 million, 33.1 percent higher than the same quarter last year.
SIA Engineering, a major provider of aircraft maintenance, repair and overhaul services in Asia-Pacific, recorded a profit attributable to owners of S$74.3 million for the half year. That compared with S$159.6 million last year, which includes divestment gains.
"The company continues to invest in new technologies and pursue initiatives to enhance productivity and manage its costs," SIA said in a statement.
SIA Engineering declared an interim dividend of four cents per share.
Shares in the company ended unchanged at S$3.26 on the Singapore Exchange. The stock has lost 2 percent so far this year.
