For the three years for which earnings growth was evaluated for this year’s BDC, SATS’ bottom line grew at a compound annual growth rate of 10.1%, beating out the other companies classified under the services sector. SATS’ share price during the period outperformed its sector peers as well: The company generated a CAGR of 9% in shareholders’ returns. For its financial year ended March 31, 2015, the company reported earnings of $195.7 million. By FY2018, it had grown to $261.5 million.
SINGAPORE (Sept 16): SATS, which provides gateway services and catering to the aviation, hospitality, healthcare, freight and logistics, and government sectors, was the runner-up in the 2018 services sector of the Billion Dollar Club. It was edged out by a hair’s breadth by Silverlake Axis.
However, SATS powered ahead this year to not only take the overall sector winner title, but also grab the top spots for two out of the three categories: highest three-year shareholder returns, and highest three-year growth in profit after tax. Its Environmental, Social and Governance score is just below SIA Engineering’s, further lifting its overall score.
