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SATS posts earnings of $5.1 mil in 3Q business update

Felicia Tan
Felicia Tan2/23/2022 07:05 PM GMT+08  • 2 min read
SATS posts earnings of $5.1 mil in 3Q business update
The group would have seen a loss of $33.0 million in the quarter if not for the reliefs from the government.
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SATS has reported earnings – or PATMI – of $5.1 million in the 3QFY2021/2022 ended December, a reversal from the loss of $3.1 million in the same period the year before.

However, the bottom line support would’ve been a loss of $33.0 million, down from 2QFY2021/2022’s loss of $30.1 million, if not for the government reliefs.

Group revenue improved by 22.6% y-o-y to $307.8 million in the 3QFY2021/2022, due to broad-based growth in all segments, supported by travel growth.

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