SATS net profit edges down to $50.1m in Q4

Group proposes final plus special dividends of 21 cents per share

SATS, which has proposed final and special dividends totalling 21 cents per share, registered a net profit of $50.1 million for the fourth quarter ended March 31, down 1.2 per cent.

This is despite a 7.8 per cent rise in revenue to $433.3 million due to increased flights and higher passenger traffic at Changi Airport as well as improved performances by subsidiaries SATS HK and Japan-based airline catering firm TFK Corp.

TFK's revenue grew 12.3 per cent to $81.5 million, as it continues to recover from the natural disasters that hit Japan last year.

Excluding TFK, group revenue would have been up 6.8 per cent largely due to growth in passenger volumes and flights.

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