Singapore Airlines credits Virgin stake sale for profit rise

Credit: Rob Finlayson
Singapore Airlines Group (SIA) posted a net profit of S$121 million ($95.6 million) for its fiscal first quarter ended June 30, up 56.2% over net income of S$78 million in the prior-year quarter. However, the company noted that a big reason for the year-over-year profit improvement was gains from...

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