4 Singapore Blue-Chip Stocks Reporting Higher Profits: Are They a Buy?

The first earnings season of this year is almost drawing to a close.With most of the blue-chip companies having reported their financial results, we sift through the pile to look for those that reported rising profits.Higher profits are a sign that the business is doing well, which should eventually translate into a higher share price as investors clamour to buy a piece of the company.However, investors should also balance good news with risks to ensure a balanced assessment.Here are four Singapore blue-chip stocks that announced better profits. You may wish to add them to your buy watchlist.

Singapore Airlines (SGX: C6L)

Singapore Airlines, or SIA, is Singapore’s national carrier.The group recorded its highest-ever revenue with passenger carriage at its highest level ever.The airline achieved this despite increasingly stiff competition and declining yields.For the third quarter of fiscal 2025 (3Q FY2025) ending 31 December 2024, SIA saw total revenue inch up 2.7% year on year to S$5.2 billion.With fuel costs declining by 9.8% year on year due to lower fuel prices, the airline’s operating profit increased by 3.3% year on year to S$629 million.Net profit soared 146.7% year on year to S$1.6 billion and was boosted by a non-cash accounting gain of close to S$1.1 billion.Both SIA and Scoot carried a quarterly record of 10.2 million passengers, 7.2% higher than 3Q FY2024.Because of strong e-commerce activity, cargo flown revenue increased by 9.7% year on year to S$54 million, with loads improving by 14.6% year on year.During 3Q FY2025, SIA strengthened its airline partnerships with Air India, adding 51 new codeshare destinations from October 2024.Garuda Indonesia and SIA also increased flight frequencies between Jakarta and Singapore.Management, however, warned of continued headwinds such as cost inflation, supply chain constraints, and increased competition.