Brief: SATS Posts Qtrly Profit Attributable S$0.5 Million

Sats

13/02/2023 10:17

Feb 13 (Reuters) - SATS Ltd  SATS.SI :
    * QTRLY REVENUE S$475.7 MILLION VERSUS S$429.0 MILLION IN Q2
FY23
    * QTRLY PROFIT ATTRIBUTABLE S$0.5 MILLION VERSUS LOSS OF
S$9.9
MILLION IN Q2 FY23
    * BENEFITTING FROM REBOUND IN TRAVEL AND SEASONAL HIGH
QUARTER,
MOMENTUM IN BUSINESS RECOVERY HAS IMPROVED
    * WORLDWIDE FLIGHT SERVICES TRANSACTION COMPLETION CURRENTLY
ENVISAGED FOR MARCH/APRIL 2023
    * WHILE CARGO VOLUMES HAVE SOFTENED, REOPENING OF CHINA
BORDERS
EXPECTED TO IMPROVE VOLUME THROUGHPUT

Source text for Eikon:  ID:nSN9RfT73 
Further company coverage:  SATS.SI 
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