Singapore Group's total annual revenue hit a new high as market expectations, up 2.8% to 19.54 billion yuan; its annual operating profit fell 37.3% to 1.709 million yuan after two years of strong rise, reflecting that passenger yields fell due to market competition. Passenger revenue is a key indicator for measuring air ticket prices.
Singapore's stock price rose 0.29% on Thursday to close at 6.88 yuan.
Singapore released its results after the market closed on Thursday (May 15). The group announced that it would pay an annual dividend of 30 cents per share on August 27, down from 38 cents per share a year ago. This brought the full-year dividend to 40 cents per share, down from 48 cents per share a year ago. The stock registration deadline is August 11.
This net profit is higher than the market consensus. Reuters quoted Visible Alpha data as saying that the market generally expects SIA's annual net profit to be 2.68 billion yuan.
Despite the increasing competition putting pressure on passenger revenue, Singapore Airlines (SIA)'s group's net profit for the whole year reached a new high in fiscal year 2024/25 at the end of March, reaching RMB 2.778 million, mainly driven by a profit of over RMB 1.1 billion from the merger of Vistara and Air India.