You are here

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

33-33906125.2 (39151228) - 21_07_2016 - nzcoolport14.jpg
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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes