Lower costs help lift SATS Q3 profit by 25%

Singapore

GROUND-handler and food solutions firm SATS' third quarter net profit jumped 25.2 per cent year on year to S$53.7 million, thanks to lower costs.

Revenue dipped 3.2 per cent to S$450.7 million as higher revenue from gateway services was offset by lower revenue from food solutions. The latter fell 7.2 per cent to S$270.2 million on the back of poorer performance from Japan-based catering unit TFK, the weaker Japanese yen and loss of contributio…