SATS Limited (SGX: S58) saw its stock price surge by 3.16% during intraday trading on Monday, reflecting investor optimism following the company's robust Q2 FY2026 financial performance.
The aviation services provider reported a 13% year-on-year increase in profit after tax, driven by stronger cargo operations and higher aviation meal volumes. Additionally, the company announced higher interim dividends and ongoing share buybacks, signaling management's confidence in future cash generation. The recovery in global air travel, particularly in the Asia-Pacific region, has further bolstered SATS's growth prospects.
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