{"id":2111,"date":"2024-08-05T15:25:24","date_gmt":"2024-08-05T08:25:24","guid":{"rendered":"https:\/\/thereporter.asia\/eng\/?p=2111"},"modified":"2024-08-05T15:25:24","modified_gmt":"2024-08-05T08:25:24","slug":"sav-q2-profit-tourism-recovery","status":"publish","type":"post","link":"https:\/\/thereporter.asia\/eng\/2024\/08\/sav-q2-profit-tourism-recovery\/","title":{"rendered":"SAV Q2 Profit Jumps 39%, First-Half Profit Surges 84% on Tourism Recovery"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:124\"><strong>Bangkok<\/strong>\u00a0&#8211; <a href=\"https:\/\/www.samartaviation.com\">Samart Aviation Solutions PCL<\/a> (SAV), a leading air navigation service provider in the region, announced its Q2 2024 financial results, reporting total revenue of 440 million baht and a net profit of 116 million baht, a robust 39% year-on-year growth. This impressive performance propelled the first-half results to 849 million baht in revenue and 210 million baht in net profit, marking a significant 84% increase from the previous year.<\/p>\n<ul>\n<li data-sourcepos=\"3:1-3:124\">&#8211; <a href=\"https:\/\/thereporter.asia\/eng\/2024\/04\/airbus-helicopters-racer-is-off-to-a-flying-start\/\">Airbus Helicopters\u2019 Racer is off to a flying start<\/a><\/li>\n<li data-sourcepos=\"3:1-3:124\">&#8211; <a href=\"https:\/\/thereporter.asia\/eng\/2024\/03\/airasia-cambodia-announces-3-new-domestic-routes\/\">AirAsia Cambodia Announces 3 New Domestic Routes<\/a><\/li>\n<\/ul>\n<p data-sourcepos=\"5:1-5:333\"><strong>Mr. Teerachai Phongpanangam, CEO of SAV<\/strong>, attributed this outstanding performance to the strong recovery of the tourism industry in ASEAN, particularly in Cambodia, which has been further boosted by the government&#8217;s tourism promotion policies. The increased number of flights serviced by SAV is a testament to this positive trend.<\/p>\n<h3 data-sourcepos=\"7:1-7:40\"><strong>Three Core Businesses Driving Growth<\/strong><\/h3>\n<ul data-sourcepos=\"9:1-10:1\">\n<li data-sourcepos=\"9:1-9:156\"><strong>Domestic Landing &amp; Take-off Fees<\/strong>: Revenue surged by an impressive 346% year-on-year, reflecting the resurgence of domestic travel within Cambodia.<\/li>\n<li data-sourcepos=\"10:1-10:1\"><strong>International Landing &amp; Take-off Fees<\/strong>: Revenue increased by nearly 30% compared to the same period last year,driven by the return of international tourists.<\/li>\n<li data-sourcepos=\"11:1-12:0\"><strong>Overflight Fees<\/strong>: Revenue grew by 15% year-on-year, indicating the growth of air traffic in the region.<\/li>\n<\/ul>\n<h3 data-sourcepos=\"13:1-13:40\"><strong>Positive Outlook for the Second Half<\/strong><\/h3>\n<p data-sourcepos=\"15:1-15:120\">SAV anticipates continued revenue growth in the second half of 2024, especially in Q4, which is the peak tourism season.<\/p>\n<p data-sourcepos=\"17:1-17:123\">Mr. Teerachai expressed confidence, stating, &#8220;We are optimistic that domestic flight revenue will grow by at least 20% in Q4 compared to the previous year, particularly with the &#8216;Visit Siem Reap 2024&#8217; campaign expected to attract a large influx of tourists to Cambodia.&#8221;<\/p>\n<h3 data-sourcepos=\"19:1-19:57\"><strong>SAV: Leading Air Navigation Service Provider in ASEAN<\/strong><\/h3>\n<p data-sourcepos=\"21:1-21:204\">SAV, a subsidiary of Samart Corporation, invests in companies related to air traffic management. Its primary subsidiary,Cambodia Air Traffic Services (CATS), provides air navigation services in Cambodia.<\/p>\n<p data-sourcepos=\"23:1-23:214\">With its extensive experience and expertise, SAV is well-positioned to grow alongside the aviation industry in the ASEAN region. The company remains committed to generating sustainable returns for its shareholders.<\/p>\n<p data-sourcepos=\"25:1-25:33\"><strong>#SAV #SamartAviationSolutions #FinancialResults #AirNavigation #ASEANtourism #Cambodia #VisitSiemReap2024<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bangkok\u00a0&#8211; Samart Aviation Solutions PCL (SAV), a leading air navigation service provider in the region, announced its Q2 2024 financial results, reporting total revenue of 440 million baht and a net profit of 116 million baht, a robust 39% year-on-year&#8230; <\/p>\n","protected":false},"author":1,"featured_media":2112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[2044,2045,397,1561,2043,1251,2046],"class_list":["post-2111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-airline","tag-airnavigation","tag-aseantourism","tag-cambodia","tag-financialresults","tag-samartaviationsolutions","tag-sav","tag-visitsiemreap2024"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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