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SINGAPORE: Singapore Airport Terminal Services (SATS) on Friday said its full-year profit rose 9.4 per cent to some S$195 million.
Its operating revenue grew 1.3 per cent to S$958 million due to higher business volumes.
Going forward, SATS said uncertainties in the global economy may dampen global air traffic growth, but it is still cautiously optimistic that its Singapore hub will see modest revenue growth, as key customers continue to take delivery of new aircraft.
SATS said its share of associated companies' profits is expected to improve moderately due to improvement plans as well as contributions from new joint ventures.
The company provides ground handling and airline catering services at Singapore's Changi Airport.
Its operations also span 40 airports in the Asia Pacific region. - CNA/ac
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