Home Capital Results

Sats reports full year earnings with government support, warns of costs pressures even as volume picks up

The Edge Singapore
The Edge Singapore5/30/2022 08:30 PM GMT+08  • 2 min read
Sats reports full year earnings with government support, warns of costs pressures even as volume picks up
“Sats will continue to grow new revenue streams," says CEO Kerry Mok / Photo: Albert Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Sats has reported earnings of $20.4 million for FY2022 ended March, reversing from a loss of $78.9 million in the preceding FY2021.

The improvements were due to a pick up in air travel, with revenue for the full year increasing from $970 million to $1.18 billion.

For its 2HFY2022, earnings reached $7.2 million, versus red ink of $2 million in 2HFY2021. Revenue in the same period was $607.3 million, versus $529.5 million in 2HFY2021.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now