SATS reports 21.1% hike in Q4 profit, lifted in part by lower costs

Singapore

BOOSTED by lower expenses and higher contributions from associates and joint ventures, ground-handler SATS reported a 21.1 per cent year-on-year jump in net profit to S$51.6 million for 4QFY15 ended March 31.

This was despite a 2.2 per cent slide in revenue to S$425.1 million as higher revenue from its gateway services business was offset by lower revenue from its food solutions business.