Singapore Airlines reported a net profit of S$1.18 billion ($927 million) for the fiscal year ended March 31, a 57.4% decline from S$2.78 billion a year earlier, the carrier said Thursday.
The drop was mainly due to the absence of a one-off gain recorded last year and losses from its stake in Air India.
The result beat the Visible Alpha consensus estimate of S$1.08 billion.
