Excluding the integration-related one-off expenses, the underlying core patmi loss narrowed to $17.4 million compared to a loss of $19.5 million, which included government reliefs of $9.4 million, in 1QFY2023.
SATS has reported a loss of $29.9 million for the 1QFY2024 ended 30 June, its first set of financial statements reported following the successful completion of the acquisition of Worldwide Flight Services (WFS) in April.
The loss is due to the one-off integration costs related to the integration of Worldwide Flight Services (WFS), which amounted to $12.6 million.
