SATS Q2 profits down 9% to $65.7m

Submitted By:  Danielle Isaac Case Study:  No It continued to be hit by the absence of the $7m gain from the disposal of SATS HK. SATS’ profits for the second quarter dipped 9% to $65.7m from $72.2m in the same period last year. According to its financial statement, revenue rose 4.2% to $453.1 from $434.8m. The company found volume growth in its food solutions and gateway services. Revenue from food solutions jumped 2.5% to $250.9m whilst gateway services’ revenue rose 6.3% to $201.6m. read more