14-Nov-2014 2:25 PM
SATS revenue down 1% in 1HFY2015
SATS revenue down 1% - financial highlights for the six months ended Sep-2014:
- Revenue: SGD877.4 million (USD699.8 million), -1.0% year-on-year;
- Expenditure: SGD795.2 million (USD634.2 million), +0.5%;
- Operating profit: SGD82.2 million (USD65.6 million), -5.8%;
- Net profit: SGD90.4 million (USD72.1 million), -4.7%. [more - original PR]
*Based on the conversion rate at USD1 = SGD1.2538
SATS: "Our operating landscape remains challenging given the ongoing pressures on regional aviation and rising manpower costs. Near-term regional aviation growth is also expected to be muted. We will continue to invest in our state-of-the-art facilities, comprehensive suite of services and new technologies to improve economies of scale and enhance connectivity for our customers. We remain focused on growing new businesses and customer segments," Source: Company statement, 13-Nov-2014.