SATS (Singapore Airport Terminal Services Ltd) (S58.SI) released earnings for its third quarter that Increased, from last year
The company's earnings totaled S$84.7 million, or S$0.05 per share. This compares with S$70.4 million, or S$0.04 per share, last year.
The company's revenue for the period rose 8.0% to S$1.645 billion from S$1.523 billion last year.
SATS (Singapore Airport Terminal Services Ltd) earnings at a glance (GAAP) :
-Earnings: S$84.7 Mln. vs. S$70.4 Mln. last year.-EPS: S$0.05 vs. S$0.04 last year.-Revenue: S$1.645 Bln vs. S$1.523 Bln last year.
This rise in the third-quarter revenue reflects strong cargo volume growth across Asia, Europe, and the Middle East.
Kerry Mok, CEO of SATS, said: “We delivered strong third quarter performance with record high cargo volume driven by seasonal peak demand, marking our ninth consecutive quarter outperforming industry benchmarks.”
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