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Hot stock: Sats rises 11% after swinging back into the black for Q1

It posts a net profit of S$65 million for the quarter from a loss of S$29.9 million

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Chong Xin Wei

Chong Xin Wei

Published Wed, Aug 21, 2024 · 10:45 AM — Updated Wed, Aug 21, 2024 · 08:38 PM
    • Sats' revenue for the period rose to S$1.4 billion, up 15.5% from the S$1.2 billion it posted a year earlier.
    • Sats' revenue for the period rose to S$1.4 billion, up 15.5% from the S$1.2 billion it posted a year earlier. PHOTO: BT FILE

    SHARES of in-flight caterer and ground handler Sats gained some ground on Wednesday (Aug 21) morning, after it swung back into the black for the first quarter of fiscal year 2025 on higher revenue.

    Sats shares reached a high of S$3.58 shortly after the market opened, rising 11.2 per cent or S$0.36.

    A married deal was recorded at 10.02 am, according to ShareInvestor data. It was transacted at S$3.545 at a volume of 15.7 million shares.

    Hot StockSATS

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