SIA Engineering recorded a profit attributable to equity holders of $45.1 million, a decrease of $13.6 million or 23.2% from the same quarter last year. The Group operating profit of $12.3 million was $4.1 million or 25.0% lower compared to the first quarter last year.
Revenue declined $6.0 million or 2.4% to $244.2 million mainly due to lower airframe maintenance and component overhaul work. The decrease was partially mitigated by an increase in rectification and cabin maintenance work in Line Maintenance, and higher revenue from material usage.
