Sats raises Q1 net earnings by 12% to $46.2 million
Changi Airport's biggest ground-handling firm, Sats, has reported a 12 per cent increase in first-quarter profits to $46.2 million.
This was despite revenue for the three months to end-June dipping 0.8 per cent to $434.5 million, the firm said on Thursday.
Total expenditure was also down; by 1.2 per cent to almost $394 million.
Looking ahead, Sats which handles about 80 per cent of Changi's traffic, said the airport's recent numbers suggest growth is moderating.