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HOCK LOCK SIEW

Sats must manage carefully its debt load as it looks to resume dividend payments

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Tay Peck Gek

Tay Peck Gek

Published Wed, Nov 29, 2023 · 05:00 AM
    • Sats said that cashflow would be optimised for 3Rs: repayment of debt, reinvestment (capital expenditure) and resumption of dividend.
    • Sats said that cashflow would be optimised for 3Rs: repayment of debt, reinvestment (capital expenditure) and resumption of dividend. PHOTO: BT FILE

    INVESTORS hoping for Sats to resume its dividend-paying days may have a while to wait.

    This is not because prospects are bleak for the in-flight caterer and ground handler.

    The company had, on Nov 26, filed notice that it has recorded three consecutive years of losses, but it may not be far from turning the corner.

    Hock Lock SiewSATS

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