Here's what to blame for SIA Engineering's 1.6% profits dip

Staff, material costs up 4.3%.

SIA Engineering's FY14 revenue increased 2.7% from S$1.15b to S$1.18b, forming 101.4% of OCBC Investment Research's forecast. However, OCBC noted that lower margins resulted in PATMI declining 1.6% to S$266m, making up 99.1% of its forecast.

Here's more:

The S$44.0m increase in expenditure (+4.3%) came mainly from higher staff costs, sub-contracting and material costs. This is partly compensated by associates’ and JVs’ share of profits increasing steadily by 8.3% to S$162.6m, representing 61% of the SIAEC’s net profit. The main contributors were the engine repair and overhaul centres which accounted for S$125.0m.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia