SINGAPORE (July 21): SATS, the provider of gateway services and food solutions, saw earnings fall 10.6% to $57.3 million for the first quarter ended June, from $64.1 million a year ago.
This was mainly due to the absence of one-off gains registered a year ago.
Excluding one-off items, including the gain of $9.3 million in 1Q last year from the disposal of assets held for sale, SATS’ underlying net profit increased by 3.2%.
