Author: kktan
ComfortDelgro – TODAY
ComfortDelgro’s Q1 profit at S$53.5 million
Transport operator ComfortDelgro on Monday reported a 6.8 per cent rise in first-quarter net profit from the year-earlier period to S$53.5 million as revenue grew 6.5 per cent to S$855.4 million.
The taxi business led growth, accounting for about 43 per cent of the increase in group turnover, followed by the bus business with 34 per cent, the automotive engineering services business with 17 per cent, the rail and vehicle inspection and testing businesses with about 4 per cent each, and the bus station business with about 2 per cent.
These more than offset declines in revenue by the driving centre and car rental and leasing businesses, it said.
Revenue from the ComfortDelgro’s overseas operations accounted for 40.7 per cent of total turnover, it added.
ComfortDelGro is one of the world’s largest land transport companies with a total fleet size of over 46,400 buses, taxis and rental vehicles. Based in Singapore, it also has operations in China, the United Kingdom, Ireland, Australia, Vietnam and Malaysia.
ComfortDelgro – TODAY
ComfortDelgro’s Q1 profit at S$53.5 million
Transport operator ComfortDelgro on Monday reported a 6.8 per cent rise in first-quarter net profit from the year-earlier period to S$53.5 million as revenue grew 6.5 per cent to S$855.4 million.
The taxi business led growth, accounting for about 43 per cent of the increase in group turnover, followed by the bus business with 34 per cent, the automotive engineering services business with 17 per cent, the rail and vehicle inspection and testing businesses with about 4 per cent each, and the bus station business with about 2 per cent.
These more than offset declines in revenue by the driving centre and car rental and leasing businesses, it said.
Revenue from the ComfortDelgro’s overseas operations accounted for 40.7 per cent of total turnover, it added.
ComfortDelGro is one of the world’s largest land transport companies with a total fleet size of over 46,400 buses, taxis and rental vehicles. Based in Singapore, it also has operations in China, the United Kingdom, Ireland, Australia, Vietnam and Malaysia.
SATS – TODAY
SATS net profit dips slightly in fourth quarter
Airport terminal services operator SATS yesterday reported net profit fell 1.2 per cent in its fiscal fourth quarter from the corresponding period in the previous year to S$50.1 million despite revenue rising 7.8 per cent to S$433.3 million.
SATS said turnover benefited from growth in passenger volumes and flights, with operations at its Tokyo Flight Kitchen unit recovering from the triple disasters in Japan.
But net profit fell because it had benefited in the previous period from a contribution from Daniels Group, whose operations had since been discontinued. Excluding that item, net profit rose 11 per cent, it said. For the full fiscal year ended March 31, net profit fell 12 per cent to S$170.9 million even as revenue grew 24.1 per cent to S$1.68 billion.
Looking ahead, SATS said passenger traffic at Changi Airport would likely increase on the back of growing regional traffic as the Singapore Tourism Board has projected moderate growth in visitor arrivals of between 13.5 million and 14.5 million this year.
However, SATS warned that weakness in cargo demand would likely continue, especially for the next two quarters.
It added that a stronger Singapore dollar might affect the performance of some overseas associates and joint ventures.
SATS shares rose 2.4 per cent to S$2.61 yesterday after the results announcement.
SATS – TODAY
SATS net profit dips slightly in fourth quarter
Airport terminal services operator SATS yesterday reported net profit fell 1.2 per cent in its fiscal fourth quarter from the corresponding period in the previous year to S$50.1 million despite revenue rising 7.8 per cent to S$433.3 million.
SATS said turnover benefited from growth in passenger volumes and flights, with operations at its Tokyo Flight Kitchen unit recovering from the triple disasters in Japan.
But net profit fell because it had benefited in the previous period from a contribution from Daniels Group, whose operations had since been discontinued. Excluding that item, net profit rose 11 per cent, it said. For the full fiscal year ended March 31, net profit fell 12 per cent to S$170.9 million even as revenue grew 24.1 per cent to S$1.68 billion.
Looking ahead, SATS said passenger traffic at Changi Airport would likely increase on the back of growing regional traffic as the Singapore Tourism Board has projected moderate growth in visitor arrivals of between 13.5 million and 14.5 million this year.
However, SATS warned that weakness in cargo demand would likely continue, especially for the next two quarters.
It added that a stronger Singapore dollar might affect the performance of some overseas associates and joint ventures.
SATS shares rose 2.4 per cent to S$2.61 yesterday after the results announcement.
SATS – BT
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.