SATS, Singapore Airport Terminal Service, "is the leading provider of gateway services and food solutions in the region". As stated by the description, SATS's 2 core businesses are in the Gateway and Food industry contributing 31.9% and 67.5% respectively. As majority of the food solution are meant for air passenger, aviation accounted for 59.8% of total revenue which means it is highly correlated with the travel and tourism industry in Singapore.
Figure 1 - Segmental Revenue
Figure 2 - 5-Years Result Summary
I have compiled the more important numbers in figure 2 and we can see that revenue has nearly doubled over the past 5 years. However, do take note that it has also been driven by acquisition of new business. They acquired SFI in 2009 which contributed 2 months of revenue worth $110m in 2009 before making a full contribution in 2010. In 2011, they acquired ...
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