- SIA Engineering's 1HFY25 (financial year ending 31 Mar 2025) revenue increased 12.1% y-o-y; growth was broad-based and outpaced a 11.5% y-o-y increase in expenditure. Together with a 17.2% y-o-y improvement in share of profits from associates and joint ventures (SoAJV), 1HFY25 net profit grew 16% y-o-y.
2QFY25 results were sequentially stronger
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- We also note that SIA Engineering has incurred start-up and development costs – and is expected to continue to do so over the next two to three years – as it continues to invest in capacity expansion and productivity, though these figures have not been separately disclosed.
1HFY25 revenue and operating profit came in at 46.9% and 45.6% of our initial full-year forecast, respectively
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