Sats posts profit for Q4, but is in the red for full year
It has found traction in non-travel-related business, says CEO; smaller cost base also helps bottom line
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Singapore
GROUND-HANDLER and in-flight caterer Sats has marked "another milestone" in its recovery from the pandemic as it reported its first net profit in five quarters, due to year-on-year (y-o-y) revenue growth from non-travel-related businesses and a smaller cost base.
The mainboard-listed group saw the bottom line for the fourth quarter ended March 31 swing into net earnings of S$800,000 from a net loss of S$6.3 million a year ago.
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