Sats' (SGX:S58) attributable profit to owners surged 124% in the fiscal quarter ended Dec. 31, 2024, to SG$70.4 million from SG$31.5 million a year earlier, according to a filing with the Singapore Exchange on Friday.
Revenue was up 13% year over year to SG$1.52 billion from SG$1.35 billion, as gateway services and food solutions segments reported a 10% and 21% improvement from the year-ago period.
Shares of the company were down nearly 2% in recent trading.
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