7 issues I discovered from the 2023 SATS AGM
SATS (previously referred to as Singapore Airport Terminal Products and services) is a number one supplier of shipment dealing with and meals answers services and products in Singapore and more than a few different nations. Maximum Singaporeans recognise the corporate because the country’s major supply of meals catering for the military and our nationwide airline, Singapore Airways (SIA). On the other hand, SATS could also be a big world participant within the air shipment trade, offering each floor dealing with and air shipment services and products. The corporate additionally performs an important position within the operations of Singapore Changi Airport.
The results of the pandemic have been brutal on SATS. The corporate’s earnings dropped from S$1.941.2 million in FY2019-20 to S$970.0 million in FY2020-21. As a result, SATS used to be compelled to forestall paying dividends to shareholders. Regardless of the preliminary gloomy outlook, the corporate determined to view the pandemic as a wakeup name and remodeled its industry style. SATS stays positive that it’ll have the ability to repair dividend bills within the close to long term….
