Sats narrows H1 loss to S$7.8 million following aviation recovery, consolidation of Worldwide Flight Services
Add BT as a preferred source
Tay Peck Gek &
Paige Lim
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.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Germany, Spain push back on European plan to ban Huawei gear
