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SATS posts 16.3% rise in 2Q earnings to $72.2 mil on higher overseas contributions

Michelle Zhu
Michelle Zhu11/9/2017 6:29 PM GMT+08  • 2 min read
SATS posts 16.3% rise in 2Q earnings to $72.2 mil on higher overseas contributions
SINGAPORE (Nov 9): Gateway solutions provider SATS has announced $72.2 million in earnings for 2QFY17-18, up 16.3% from $62.1 million in the same period a year ago on higher overseas contributions and a one-off gain.
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SINGAPORE (Nov 9): Gateway solutions provider SATS has announced $72.2 million in earnings for 2QFY17-18, up 16.3% from $62.1 million in the same period a year ago on higher overseas contributions and a one-off gain.

Revenue for the quarter fell 0.8% to $434.8 million from $434.5 million previously, mainly due to a 3.1% decrease in contributions from the Food Solutions segment which was partially mitigated by a 2.3% growth in revenue from Gateway Services to $189.7 million.

Operating profit for the quarter was $61.1 million, representing a 3.9% decline from that of last year.

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