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SATS posts 4% growth in 2Q earnings to $62 mil

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SATS posts 4% growth in 2Q earnings to $62 mil

Gwyneth Yeo Published on Thu, Nov 10, 2016 / 7:45 PM GMT+8

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SINGAPORE (Nov 10): SATS has reported 2Q17 earnings of $62.1 million, a 4% improvement over the earnings in the same quarter last year.

In the 2Q to Sept, revenue rose 3.7% to $438.5 million, driven by higher revenue from its food solutions and gateway services businesses.

Food solutions revenue improved by 4% to $252.7 million and gateway services revenue grew by 3.4% to $184.5 million.

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