Sats ‘on track’ to restoring profitability following 3 financial years of losses

The company also clarified that there is no risk for it to be placed on the SGX watchlist.

After reporting losses for three consecutive financial years, Sats has assured its shareholders that it is “on track to restoring profitability.”

The company holds a positive business outlook given travel recovery, new contract wins, operational efficiencies and synergies achieved through the integration with WFS.

Sats added that it recorded an earnings of $22.2m in 2Q24 compared to a loss of $29.9m in 1Q24 and a loss of $9.9m in 2Q23.

Meanwhile, Sats also clarified that there is no risk for the company to be placed under the SGX watchlist.

“Investors should note that given the group’s latest 6-month average daily market capitalisation of $3.9b, which is well above the $40mm threshold. The financial performance reported over the past three years reflects the unprecedented impact of COVID-19 on the group’s business,” the company said.

Follow the link for more news on

SATS

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia