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SATS Q4 profit slides 7.8%

Weaker revenue, lower contributions from associates, JVs hurt bottom-line
Friday, May 23, 2014 - 06:00
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Airport services provider SATS's net profit slipped 7.8 per cent from a year earlier to $42.6 million for the fourth quarter ended March 31, 2014 - PHOTO: SATS

AIRPORT services provider SATS's net profit slipped 7.8 per cent from a year earlier to $42.6 million for the fourth quarter ended March 31, 2014, on the back of weaker revenue and lower contributions from associates and joint ventures. Excluding one-off items, underlying net profit from