financial report

SATS recorded a net loss of $33m in the third quarter of FY2022. 

Around $3.6b total loss was recorded for FY2021.

However, it remains 9% lower than pre-pandemic levels. 

The group attributed the 114% growth to their services bouncing back.

Net profit attributable to shareholders is at an all-time high of $53.1m.

Property development revenue increased by 67% to $1.6b. 

The group's debts also decreased significantly with a net debt-to-equity ratio of 8.7%.

There was 2.5% increase in profit attributable to owners of the company.

Thanks to the group's reorganisation.

It reversed the net loss of $559m in 2020.

Thanks to an increased demand for air travel in December 2021. 

It also achieved an all-time high record of 2,185 units sold for the year.

Their H2 2021 results also showed a 145% rebound compared to the first half of the year.

In Q3 FY22, SIAEC saw its revenues rise by 33.8% YoY.

This translates to a net profit of $2.54b.

The flight volume at 31% of pre-pandemic was still considered encouraging.