SIA Engineering Company

[kayhian]

SIA Engineering saw a 6.5 percent decline in turnover to $265.3 million for the third quarter ended 31 December 2014, as work content was lower with fewer heavy checks. Despite a 6.8 percent reduction in operating expenses, earnings was down 23.5 percent to $46.3 million as a result of lower contributions from the company’s joint venture and associate companies. For the nine months, revenue was down 2.6 percent to $844.6 million and earnings dropped 29.2 percent to $141.9 million.