Trade SATS - S58sg CFD

About Sats Ltd

SATS Ltd. is a Singapore-based investment holding company. The Company's other activities include rental of premises and provision of management services to related companies. The Company's segments include Food Solutions, Gateway Services and others. The Food Solutions segment provides inflight and institutional catering, food processing, distribution services and airline laundry services. The Gateway Services segment provides both airport and cruise terminal services. The airport terminal services include airfreight handling services, passenger services, aviation security services, baggage handling services and apron services to the Company's airline customers. On the provision of cruise terminal services, the segment manages and operates Marine Bay Cruise Centre. SATS Investments Pte. Ltd. (SIPL) and SATS (Thailand) Co., Ltd. (SATS Thailand) are its subsidiaries.

Financial summary

BRIEF: For the six months ended 30 September 2021, Sats Ltd revenues increased 29% to SP$569.5M. Net income totaled SP$13.2M vs. loss of SP$76.9M. Revenues reflect Gateway Services segment increase of 61% to SP$257.3M, Food Solutions segment increase of 13% to SP$310.3M. Net Income reflects Net Equity Account Income increase from SP$44.2M (expense) to SP$900K (income), Other non-operating (loss)/income, net decrease of 97% to SP$800K (expense).