Stock Track | SATS Soars 3.26% Intraday on Strong Q4 Profit Growth of 31%

Stock Track

05/26

SATS Ltd. saw its shares surge 3.26% during intraday trading on Tuesday, following the release of its robust fourth-quarter financial results.

The ground handler reported a net profit of S$50.7 million for the quarter ended March 31, marking a significant 31% increase from S$38.7 million in the same period a year earlier. Revenue for the quarter also rose by 9.8% year-on-year to S$1.6 billion, translating to earnings per share of S$0.034, up from S$0.026 previously.

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