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SATS Q2 profit down 3.2%

Lower operating expenditure but revenue falls more

SATS Ltd posted a 3.2 per cent decrease in net profit to $48.7 million for the second quarter ended Sept 30, 2013, as a fall in revenue outpaced a decline in operating expenditure. Revenue for the quarter slipped 2 per cent to $452.1 million, while operating expenditure fell one per cent to $405