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SATS reports 1.8% lower 4Q earnings of $65.4 mil; brings FY18 earnings to $261.5 mil

PC Lee
PC Lee5/30/2018 07:48 AM GMT+08  • 2 min read
SATS reports 1.8% lower 4Q earnings of $65.4 mil; brings FY18 earnings to $261.5 mil
SINGAPORE (May 30): SATS, the gateway services and food solutions provider, reported earnings of $65.4 million for 4Q18 ended March, 1.8% lower compared to a year ago.
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SINGAPORE (May 30): SATS, the gateway services and food solutions provider, reported earnings of $65.4 million for 4Q18 ended March, 1.8% lower compared to a year ago.

For FY18, SATS reported earnings of $261.5 million, 1.4% higher than a year ago, underpinned by strong contribution from associates and joint ventures and higher non-operating gains. Earnings per share rose 0.9% to 23.4 cents.

In 4Q18, group revenue decreased 0.5% year-on-year to $423.5 million. Food solutions’ revenue declined 2.4% to $228.3 million, while Gateway services’ revenue grew 1.7% to $194.7 million despite the deconsolidation of SATS HK (SHK) in July 2017.

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