"Sats will continue to grow new revenue streams."
The improvements were due to a pick up in air travel, with revenue for the full year increasing from $970 million to $1.18 billion. Revenue from food for 2HFY2022 was up 10.8% y-o-y to $330.6 million, while revenue from ground handling services was up 19.5% y-o-y to $275.2 million. The earnings were made possible because of government relief and support to the tune of $145.8 million for the whole of FY2022. As such, the company believes it is “prudent” to withhold dividend payout for this FY.
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