Who is looking forward to higher dividends from SATS?
$SATS (S58.SG)$ SATS is one of the world’s largest providers of air cargo handling services and also Asia’s leading airline caterer.
The group provides a range of services including baggage handling, aviation security, food catering, and aircraft cleaning, among others.
SATS reported a solid set of earnings for 9M FY2025 with revenue climbing 14% year on year to S$4.3 billion.
Operating profit more than doubled from S$155.4 million in 9M FY2024 to S$367.4 million.
With higher share of profits from associates and joint ventures, SATS reported a net profit of S$205.1 million, up eightfold year on year.
The airline catering group also enjoyed strong operating statistics with a near-6% year-on-year increase in flights handled for 9M FY2025.
Meals served for the aviation division also jumped 24% year on year to 48.6 million.
Management noted that the International Air Transport Association (IATA) projects that global passenger traffic will increase by 8% year on year in 2025, which should fuel the continued growth of the airline and travel industry.
If SATS reports a strong FY2025 result, it is likely that the group can pay a final dividend higher than the S$0.015 paid out for FY2024.
The group will report its FY2025 earnings on 23 May 2025 after the market closes.
The group provides a range of services including baggage handling, aviation security, food catering, and aircraft cleaning, among others.
SATS reported a solid set of earnings for 9M FY2025 with revenue climbing 14% year on year to S$4.3 billion.
Operating profit more than doubled from S$155.4 million in 9M FY2024 to S$367.4 million.
With higher share of profits from associates and joint ventures, SATS reported a net profit of S$205.1 million, up eightfold year on year.
The airline catering group also enjoyed strong operating statistics with a near-6% year-on-year increase in flights handled for 9M FY2025.
Meals served for the aviation division also jumped 24% year on year to 48.6 million.
Management noted that the International Air Transport Association (IATA) projects that global passenger traffic will increase by 8% year on year in 2025, which should fuel the continued growth of the airline and travel industry.
If SATS reports a strong FY2025 result, it is likely that the group can pay a final dividend higher than the S$0.015 paid out for FY2024.
The group will report its FY2025 earnings on 23 May 2025 after the market closes.
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