SGX:S58Infrastructure
SATS (SGX:S58) Reports Strong Earnings Growth with 15% Revenue Increase and Strategic Asia-Pacific Expansion
SATS (SGX:S58) has reported a notable financial turnaround, achieving a profit for the first half of 2024, with sales climbing to SGD 2,821.1 million, a significant increase from the previous year. Despite the positive earnings and strategic growth initiatives in the Asia-Pacific region, the company faces challenges such as a lower-than-desired Return on Equity and rising operating costs. The following discussion will delve into SATS's competitive advantages, potential growth strategies, and...