SATS (SGX:S58) Reports Strong Earnings Growth with 15% Revenue Increase and Strategic Asia-Pacific Expansion
SATS(SGX:S58) has recently announced a noteworthy financial turnaround, reporting a net income of SGD 134.7 million for the half-year ended September 30, 2024, compared to a loss last year. This positive shift is bolstered by a 15% revenue increase and a strategic focus on product innovation and market expansion. However, challenges such as a low Return on Equity and rising operating costs persist, necessitating strategic adjustments to maintain competitive strength. The report delves into...