SUBSCRIBERS

Corporate digest

Published Thu, Nov 10, 2016 · 09:50 PM

SATS

SATS posted a 4 per cent hike in net profit to S$62.1 million for the second quarter on an improved operating profit. Earnings per share were 5.6 Singapore cents compared to 5.4 Singapore cents a year ago. Revenue for the listed group increased 3.7 per cent to S$438.5 million. Operating profit rose to S$63.6 million from S$59.2 million.

Hotel Properties

THIRD-QUARTER net profit for Hotel Properties rocketed 90 per cent to S$32.1 million from the previous year, mainly supported by sale of completed condominium units from its Tomlinson Heights development. Revenue grew 5 per cen…