- SATS (SGX:S58)’s 4QFY24 revenue rose 179.8% y-o-y to S$1.3b, on the back of continued aviation recovery and on-track integration of WFS. Growth was broad-based across both Gateway Services (+326.5% y-o-y) and Food Solutions (+27.2% y-o-y).
- - Read this at SGinvestors.io -
4QFY24 PATMI rose 4.1% q-o-q despite seasonally lower volumes.
- Operating profit was back to black at S$88.8m, versus a loss of S$4.6m in 4QFY23. Share of associates and joint ventures (SoAJV) also benefited from the aviation recovery, up 75.6% y-o-y at S$30.9m. On a q-o-q basis, revenue was down 1.2% due to seasonally weaker volumes.
- - Read this at SGinvestors.io -
FY24 revenue met our expectations, but bottom line posted a strong beat
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-05-31
Previous report by OCBC:
2024-02-29 SATS - Start Of The Runway.
Price targets by 2 other brokers at SATS Target Prices.
Listing of research reports at SATS Analyst Reports.
Relevant links:
SATS Share Price History,
SATS Announcements,
SATS Dividends & Corporate Actions,
SATS News Articles
