Equipment Technology
SATS Rides Asian Aviation Growth To Post Higher Profits
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In the 12 months to March 31, SATS handled more than 41 million passengers at Changi, 8.7 percent more year on year. The number of flights handled jumped 6.8 percent to about 123,000.
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Good growth in Asia's aviation sector boosted full-year profits at Changi Airport's biggest ground-handling services provider, SATS.
Earnings for the year to March 31 rose 8.1 percent year on year to $184.8 million, the firm reported yesterday. The earnings growth came on the back of a 7.9 percent jump in full-year turnover to $1.82 billion. Spending during the time grew by 7.3 per cent to $1.63 billion.
SATS, which handles about 80 percent of total flights at Changi, expects growing...
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