SATS Ltd. (SGX: S58), a number one world air cargo and meals companies supplier, introduced yesterday, 20 August 2024, a robust monetary efficiency for the primary quarter of fiscal yr 2025 (1Q FY2025). The corporate reported a web revenue of S$65 million, a major enchancment from the lack of S$29.9 million recorded in the identical interval final yr.
Income and Revenue Progress
The corporate’s income surged by 15.5% year-on-year to S$1.37 billion, pushed primarily by sturdy development in air cargo volumes and the continued restoration of the journey trade.
SATS’ working revenue for the quarter soared to S$112.9 million, a considerable improve from S$7.9 million within the earlier yr. This enchancment was attributed to operational efficiencies and scale leverage.
Optimistic Outlook for the Yr
The corporate stays optimistic about its prospects for the rest of the yr. The continuing acceleration of e-commerce, disruptions in maritime transport, and the shift in direction of air cargo as a result of seaport congestion are anticipated to proceed supporting…
