- SATS's net income improved to a profit of S$0.5m in 3QFY23.
- Acquisition of WFS is expected to complete by Mar/Apr 2023.
- Sequential recovery in flights/passenger handled and meals served.
Positive PATMI of S$0.5m in 3QFY23 on the back of continued aviation recovery
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- Operating income was in a loss though it narrowed from a loss of S$8m in 2QFY23 to a loss of S$1.1m in 3QFY23, largely driven by higher staff costs due to lower job support grants and other operating costs in line with increased business activities.
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Business activities continued to improve
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