SATS Ltd. (SGX: S58), a number one world air cargo and meals companies supplier, introduced yesterday, 20 August 2024, a powerful monetary efficiency for the primary quarter of fiscal 12 months 2025 (1Q FY2025). The corporate reported a web revenue of S$65 million, a big enchancment from the lack of S$29.9 million recorded in the identical interval final 12 months.
Income and Revenue Progress
The corporate’s income surged by 15.5% year-on-year to S$1.37 billion, pushed primarily by sturdy progress in air cargo volumes and the continuing 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 12 months. 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 12 months. The continued acceleration of e-commerce, disruptions in maritime transport, and the shift in the direction of air cargo as a consequence of seaport congestion are anticipated to proceed supporting…
