"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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: