SATS posts $26.7m net loss in FY 23

The company’s net loss in the same period last year was $8.5m.

Airport catering service, SATS Limited, declared that its net loss was at $26.7m in fiscal year 2023, compared to $8.5m in the past year.

In a bourse filing, SATS’ EBITDA was at $173.2m in FY 2023 compared to $94.2m in FY 2022. Its revenue grew to $1.758b in FY 2023 from $1.176b in FY 2022.

It attributed its revenue growth from both Food Solutions and Gateway Services driven by travel recovery and higher cargo revenue from AAT consolidation.

Food Solutions revenue increased 35.6%, or $228.4m, to $869.3m while Gateway Services revenue grew 66.9%, or $356.0m, to $888.5m for the full year over the same period last year.

Follow the link for more news on

SATS

Financial Statements

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia