SIA Engineering reports first quarter results

SIA Engineering has reported its first quarter results for the fiscal year 2024-25. Its revenues totalled $268.8 million, up 2.6% over the same period a year prior. Expenditure rose at a slightly lower rate of 2.4% to $267.7 million, mostly driven by higher material and labour costs. It recorded an operating profit of $1 million, up from its operating profit of $400,000 in the same financial period last year. Net profit was $33.2 million, up $6.2 million over last year’s first quarter of the fiscal year. As of June 30, 2024, equity attributable to owners of the parent was $1.7bn,