{
  "id": 19513615,
  "title": "Sats Q2 net profit rises 2.8% to S$81.1 million on higher cargo and meal volumes",
  "url": "https://urgent.news/2026/11/11/sats-q2-net-profit-rises-2-8-to-s-81-1-million-on-higher-cargo-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T14:55:02.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/sats-q2-net-profit-rises-2-8-s81-1-million-higher-cargo-and-meal-volumes"
  },
  "original_language": "en",
  "account": "Sats, a cargo handler and airline caterer, reported a 2.8% increase in net profit to S$81.1 million for the second quarter, ending September 30. This growth was driven by higher cargo and meal volumes, despite a Middle East conflict raising input costs and disrupting operations. Net profit per share was 5.4 Singapore cents, up from 5.3 Singapore cents a year earlier. Interim dividends remained unchanged at 2 Singapore cents per share. Revenue increased 9% to S$1.71 billion, while operating profit fell 7.6% to S$145.4 million. Gateway services revenue rose 10% to S$1.3 billion, with cargo revenue up 10.9% to S$900.4 million and ground handling revenue up 8% to S$436.2 million. Food solutions revenue grew 5.6% to S$376.5 million on stronger demand for aviation and non-aviation meals. Cargo volumes processed increased 8% to 2.6 million tonnes, with the Americas seeing a 19.4% increase.",
  "summary": "Cargo and meal volumes lift Sats Q2 revenue by 9%; interim dividend unchanged at 2 Singapore cents",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}