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SATS is back on favoured ground

Samantha Chiew
Samantha Chiew2/14/2019 12:49 PM GMT+08  • 3 min read
SATS is back on favoured ground
SINGAPORE (Feb 14): Analysts are keeping a rather positive stance on SATS following its 3Q19 results announcement on Wednesday.
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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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