News: SINGAPORE — Airport terminal services operator SATS yesterday reported fiscal Q4 net profit fell 7.8 per cent on-year to S$46.2 million despite revenue rising 3.6 per cent to S$449 million. Net profit was affected by a S$16.8 million provision for the impairment of the deferred consideration due on the sale of Daniels Group, which was completed in October 2011. The deferred consideration receivable is contingent on Daniels’ performance over the two years to March 2013. As its performance has been below expectations, an impairment provision was made. SATS said turnover had benefited from increased flights and higher meal volumes. Continued passenger traffic growth at Changi Airport and robust intra-Asia traffic will provide opportunities for its gateway and food businesses, it said. But continuing manpower policies in Singapore and their impact on operating costs remain as major challenges, it added. Fiscal full-year profit rose 8.1 ......