Blue-chip companies have been handing in their latest earnings report card this month.
Keppel Corporation Limited (SGX: BN4) announced a good set of financial numbers for 2022 while maintaining its annual dividend of S$0.33.
Just last week, Singapore’s largest bank, DBS Group (SGX: D05), reported a stellar performance with a record-high net profit and a special dividend of S$0.50 per share.
This week, SATS Ltd (SGX: S58) has provided an update on its latest fiscal 2023 third quarter (3Q FY2023) earnings.
The airline food caterer cum ground handler saw passenger and air cargo volumes surge as air travel returned with a bang.
It also foresees a sustained recovery as China reopens its borders and shareholders gave their approval for the acquisition of Worldwide Flight Services (WFS).
Here are five highlights from SATS’ earnings that investors should find interesting.
1. Higher revenue with a small net profit
SATS saw its revenue surge by 54.5% year on year to S$475.7...