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SATS reports 31% rise in 4Q earnings to $67 mil

PC Lee
PC Lee5/19/2017 7:45 AM GMT+08  • 1 min read
SATS reports 31% rise in 4Q earnings to $67 mil
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.
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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.

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