SINGAPORE (Feb 9): SATS, the airport gateway services provider, reported 3Q earnings of S$65.1 million, 7.4% higher than a year ago. Group revenue for the 3Q ended Dec was comparable to a year ago at S$440.9 million. Revenue from Food Solutions declined 1.8% to S$246.4 million but revenue from Gateway Services grew 2.2% to S$193 million. Cost of raw materials declined S$5.8 million in view of the lower revenue for Food Solutions. Share of after-tax profits from associates/joint ventures increased 9.5% to S$12.7 million, with higher contributions from both Food Solutions’ and Gateway Services’ divisions.

Source: The Edge Markets February 09, 2017 12:56 UTC