Singapore Airlines has reported a 47% rise in net profit for the three months to March 31, 2015 as its fuel bill declined. Net profit rose to Sg$39.6 million ($30.05 million) from Sg$27.0 million in the same period a year ago on revenue of Sg$3.88 billion, up from Sg$3.63 billion. For the full year to March, net profit jumped 2.34% to Sg$367.9 million from Sg$359.5 million. Full-year revenue was Sg$15.57 billion, up 2.1% from Sg$15.24 billion. Fourth quarter performance was boosted due to reduced operating expenditure from lower fuel prices, and improved passenger yields that benefited from “stringent inventory control”,

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