Sats Q3 profit up 3.5% on growth in food solutions, gateway services
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Singapore
SATS' third-quarter net profit rose 3.5 per cent to S$68.9 million, following growth in food solutions and gateway services, and higher contributions from its associates and joint ventures.
The ground handler and in-flight catering services provider said its revenue for the third quarter ended Dec 31, 2018 grew 5.5 per cent to S$464 million, on the back of increased volume growth in food solutions, with growth across all its core catering subsidiaries in Singapore, Japan and China.
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