SATS Attributable Profit Jumps in Fiscal H1

MT Newswires11-14

SATS (SGX:S58) attributable profit to owners jumped to SG$149.8 million in fiscal half year ended Sept. 30 from SG$134.7 million a year earlier, according to a Thursday filing with the Singapore Exchange.

Shares of the airport services company were down nearly 2% in Friday trading.

Earnings per share rose to SG$0.099 compared with SG$0.09 in the comparable period.

Revenue meanwhile, climbed to SG$3.08 billion year over year from SG$2.82 billion, due to steady growth from ground handling and food services.

The company declared an interim dividend of SG$0.02 per share for the period, up from SG$0.015 per share a year earlier.

The dividend will be paid on Dec. 5.

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