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SIA turns around in 3Q with net profit of $404m

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Singapore Airlines say the group returned to profitability in the third quarter of the financial year with a net profit attributable to equity holders of $404 million. This was a turnaround from losses of $307 million in the first quarter and $159 million in the second quarter.

Group revenue at $3,418 million was $336 million (+10.9%) higher than the second quarter.

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