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Saturday, May 24, 2014

SATS solid operating cashflow ensures stable dividend payment

SATS strong operating cash flow had enabled its company to consistently ensure stable payout of dividends to shareholders. In the unaudited results for 4th quarter and full year ended 31 mar 14 statements, it displayed strong operating cashflow of $246.9 million and used 68% of it to payout dividends. It also saw its foreign translation losses reduced by 42% to $14.8 million from $25.6 million.

The aircraft passenger numbers in Indonesia is expected to see an increase in 15-20% per annum, according to its minister.

Source: http://www.antaranews.com/en/news/93840/indonesia-can-become-an-aircraft-maintenance-center-minister

With the acquisition of the largest gateway services of aircraft in Indonesia, SATS had positioned itself strategically for growth in SEA's largest economy.

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