SINGAPORE (Feb 14): Analysts are keeping a rather positive stance on SATS following its 3Q19 results announcement on Wednesday.
The group posted a 3.5% y-o-y increase in its 3Q19 earnings to $68.9 million, on the back of a 5.5% increase in revenue to $464.0 million.
Share of results of associates/joint ventures for the quarter also came in 51.1% higher y-o-y at $20.7 million. This was due to a one-off gain that the group recognised from DFASS SATS for the disposal of the business to KrisShop, a joint venture held which 70% is held by Singapore Airlines (SIA), 15% by SATS and 15% by DFASS.
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