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Sats unlikely to resume dividend payout ratio of 70-80%, but quantum will rise in tandem with profit

Sats unlikely to resume dividend payout ratio of 70-80%, but quantum will rise in tandem with profit

By Swedan Margen

Fashion

The group aims for over S$8 billion in revenue, return on equity of higher than 15%, and net profit margin of over 5% in FY2029

IN-FLIGHT caterer and ground handler Sats is unlikely to return to paying out 70 to 80 per cent of its earnings, although the quantum of dividend per share will rise in tandem with its profit.

Manfred Seah, chief financial officer of Sats, pointed this out at a financial results briefing on Friday (Nov 8), a day after it posted a trebling of its second-quarter net profit from S$22.2 million to S$69.7 million, which slightly beat consensus estimates.

It has declared an interim dividend of S$0.015 per share against an earnings per share of S$0.09 for the first half of FY2025 to September, translating to a payout ratio of 16.7 per cent.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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