1106 views
/Sats website

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

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!