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.
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.
ComfortDelgro – BT
ComfortDelGro Q1 earnings climb 6.8% to $53.5m
Revenue up 6.5%, helped by growth in key segments
TRANSPORT group ComfortDelGro posted a 6.8 per cent rise in net profit to $53.5 million for the first quarter ended March 31, as growth across its key business segments boosted revenue by 6.5 per cent.
Revenue for the first quarter was $855.4 million, compared with $803 million in Q1FY11 while earnings per share were 2.56 cents, up from 2.40 cents in the corresponding quarter last year.
Revenue from overseas operations accounted for 40.7 per cent of group revenue.
The group's revenue from bus business registered growth of 4.6 per cent to $410.5 million while operating profit was 13.6 per cent higher at $32.5 million.