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SATS posts 4% rise in Q2 profit to S$62.1m

Thursday, November 10, 2016 - 19:13

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GROUND-HANDLING and inflight catering service provider SATS posted a 4 per cent increase in net profit to S$62.1 million for the second quarter.

GROUND-HANDLING and inflight catering service provider SATS posted a 4 per cent increase in net profit to S$62.1 million for the second quarter.

Revenue for the three months ended Sept 30 increased 3.7 per cent to S$438.5 million. Earnings per share were 5.6 Singapore cents compared to 5.4 Singapore cents a year ago.

Group expenditure increased 3.1 per cent to S$374.9 million. Expenditures were higher in most categories except cost of raw materials and company premise, and utilities expenses, the group said.

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