News Formal

Hot stock: SATS shares fall 5.8% after drop in Q1 earnings

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

SHARES of airport and food services provider SATS dropped 5.8 per cent in active trading on Friday, after it reported a 14.4 per cent drop in Q1 net profit on Thursday. Read more at The Business Times.

SHARES of airport and food services provider SATS dropped 5.8 per cent in active trading on Friday, after it reported a 14.4 per cent drop in Q1 net profit on Thursday.

Revenue for the first quarter was up 5.8 per cent from a year ago, but growth in gateway services and food solutions was partially offset by lower cargo volume, which fell 1.6 per cent due to"global trade uncertainties," SATS said. “We expect lower margins and earnings growth going forward, led by a weak cargo outlook and consolidation of lower margin GTR operations,” they added.

"The key variance came from higher depreciation with the adoption of SFRS 16 which resulted in recognition of right-of-use assets and higher 'other costs' due to maintenance for ground support equipment and vehicles, IT expenses, fuel costs and etc.," Ms Lim said.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 15. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Stocks to watch: Keppel, SATS, Aims Apac Reit, Sabana Reit, GS HoldingsTHE following companies saw new developments that may affect trading of their shares on Friday: Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »

Asian stocks wobble, bond yields fall on earnings woes, trade worriesAsian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »

Stocks wobble on trade, earnings anxiety; US Treasury yields fallAsian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate ...
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »

Stocks to watch: Keppel, SATS, Aims Apac Reit, Sabana Reit, GS HoldingsTHE following companies saw new developments that may affect trading of their shares on Friday: Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »