SINGAPORE (May 19): SATS, the provider of gateway services and food solutions, reported a 31.4% rise in 4Q earnings to $66.6 million from a year ago.
Group revenue increased $8.2 million or 2% year-on-year to $425.8 million. Food Solutions’ revenue grew 0.7% to $233.9 million while Gateway Services’ revenue improved 3.6% to $190.4 million.
Group expenditure rose 3.3% to $380 million, with most expense categories increasing year-on-year except for the cost of raw materials and licence fees.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
