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Sats narrows H1 loss to S$7.8 million following aviation recovery, consolidation of Worldwide Flight Services

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Tay Peck Gek
Paige Lim

Tay Peck Gek &

Paige Lim

Published Fri, Nov 10, 2023 · 07:18 PM
    • Sats' revenue more than tripled to S$2.5 billion for its first half ended September, up from S$804.5 million in H1 FY2023.
    • Sats' revenue more than tripled to S$2.5 billion for its first half ended September, up from S$804.5 million in H1 FY2023. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    IN-FLIGHT caterer and ground handler Sats on Friday (Nov 10) posted a net loss of S$7.8 million for its first half of FY2024 ended September, narrowing from its net loss of S$32.5 million in the corresponding year-ago period.

    For the second quarter of the financial year, the mainboard-listed group delivered S$22.2 million in net profit – its first earnings without government relief since the pandemic struck in early 2020. 

    It had recorded a net loss of S$29.9 million for Q1. 

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