SATS (fiscal Q3) trading update out

Update

By LoadstarEditorial

13/02/2023

PRESS RELEASE

SATS POSTS 3Q EARNINGS OF $0.5M WITH REVENUE GROWING 54.5% YoY

SATS posts positive PATMI in 3Q after losses of $9.9M in 2Q and $22.5M in 1Q

3Q performance reflects improving business conditions and a seasonal high

Excluding one-off acquisition expenses, nine-month underlying losses would have reduced to $1.8M

OPEX increased YoY due to AAT consolidation, further reduction in government reliefs, ramp up in capacity, higher fuel ...

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