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Revisions

Warning lights flash over SIA Engineering’s outlook

Broker's Calls

Warning lights flash over SIA Engineering’s outlook

Gwyneth Yeo Published on Wed, Nov 02, 2016 / 12:12 PM GMT+8

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SINGAPORE (Nov 2): Market watchers got a shock on Tuesday after SIA Engineering Company (SIAEC) announced a dividend payout of 4 cents for 1HFY17, down from the 6 cents a year ago.

In addition, SIAEC’s management stressed it would continue to restructure and streamline its operations amid a challenging outlook.

(See also: SIA Engineering’s half-year earnings nearly triple to $234 mil, lifted by one-off gains)

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