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SIA Engineering Company Ltd’s Annual Report: 17 Numbers for Investors to Learn About the Company

SIA Engineering Company Ltd (SGX: S59) was listed on Singapore’s stock market 16 years ago in 2000.

The aircraft maintenance, repair, and overhaul (MRO) services provider has come a long way since its listing. SIA Engineering’s business can be organized into three main segments: Airframe maintenance and component overhaul services; fleet management; and line maintenance. The first two can be grouped under the label “repair and overhaul.”

SIA Engineering’s latest annual report – for its fiscal year ended 31 March 2016 (FY15/16) – has plenty of information about its business. Here’re 16 key figures to help investors learn about the company:

  1. Singapore Airlines Ltd (SGX: C6L) is the largest shareholder of SIA Engineering with a 77.5% stake as of 1 June 2016. Temasek Holdings, one of the Singapore government’s investment arms, has a deemed interest of 77.6% in SIA Engineering largely because of its stake in Singapore Airlines.
  2. A sizable piece of SIA Engineering’s profit comes from its joint ventures and associates. At the end of FY15/16, the MRO operator had 26 joint ventures in eight countries.
  3. During FY15/16, the line maintenance segment managed 137,867 flights out of Changi Airport. The segment has a network that spans 35 airports in seven countries. The line maintenance segment contributed to 41% of SIA Engineering’s FY15/16 revenue.
  4. Over at the airframe maintenance and component overhaul services segment, SIA Engineering managed 463 checks for the whole of FY15/16. Check A, which is done every 1,500 flying hours or three months, accounted for 373 of the 463 checks. SIA Engineering has six hangars for checks. The segment accounted for 40.5% of SIA Engineering’s total revenue in FY15/16.
  5. Elsewhere, as of 31 March 2016, the company’s fleet management segment manages 156 aircraft that belong to a total of 10 airlines. The fleet management segment accounted for around 18% of the company’s total revenue.

All the data above gives investors a sense of SIA Engineering’s business activities. To learn more, take a look at its annual report right here.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.