SATS Q1 net profit up 11.5% on higher revenue growth

Singapore

FIRST-QUARTER net profit for in-flight catering services provider SATS rose 11.5 per cent to S$63.9 million, on the back of continued growth in aviation volumes, and higher revenues from Japan and its cruise terminal in Singapore.

This translated to earnings per share of 5.7 Singapore cents, up from 5.1 Singapore cents in the year-ago period.