SINGAPORE (May 30): SATS, the gateway services and food solutions provider, reported earnings of $65.4 million for 4Q18 ended March, 1.8% lower compared to a year ago.
For FY18, SATS reported earnings of $261.5 million, 1.4% higher than a year ago, underpinned by strong contribution from associates and joint ventures and higher non-operating gains. Earnings per share rose 0.9% to 23.4 cents.
In 4Q18, group revenue decreased 0.5% year-on-year to $423.5 million. Food solutions’ revenue declined 2.4% to $228.3 million, while Gateway services’ revenue grew 1.7% to $194.7 million despite the deconsolidation of SATS HK (SHK) in July 2017.