SATS Q4 net profit up 31.4% to S$66.6m

Singapore

NET profit at SATS rose 31.4 per cent to S$66.6 million, or six Singapore cents per share, in the final quarter of the financial year to March 31, 2017. This comes as the food solutions and gateway services provider said that it will plan on expanding into new locations for the coming year.

Shareholders responded to the results, released before Friday's market opening, by pushing its share price higher. SATS's shares were up by 0.95 per cent to close at S$5.29 on Friday.