You are here

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to