Home Capital Results

SATS 1Q earnings fall 11% to $57.3 mil on absence of one-off gain

Jude Chan
Jude Chan7/21/2017 05:58 PM GMT+08  • 2 min read
SATS 1Q earnings fall 11% to $57.3 mil on absence of one-off gain
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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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%.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.