Star in the Sky
05-29

$SATS LTD.(S58.SI)$  SATS DELIVERS FULL YEAR PROFIT OF S$56.4 MILLION[Cool]  

• SATS FY24 revenue increased three-fold to a record S$5.1 billion due to robust aviation sector recovery and consolidation with Worldwide Flight Services (WFS)[Grin]  

• Integration with WFS on track, delivering annualised S$40 million of the expected S$100 million EBITDA synergies

• FY24 EBITDA (plus SoAJV) margin increased to 17.3% from 9.9% in FY23[Grin]  

• Operating cashflow (before lease payment) increased to S$512.1 million from S$79.6 million.[Miser]  

• Proposed dividend for the year of 1.5 cents per share[Miser]  [Miser]  [Miser]  

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