Abu Dhabi - Mubasher: The net profits attributable to the shareholders of Al Yah Satellite Communications Company (Yahsat), owned by Mubadala Investment Company (Mubadala), decreased to $30.1 million in the first half (H1) of 2021 from $30.532 million in the same period of 2020.
The company generated revenues of $190.183 million in H1-21, down 3.9% from $197.914 million in the year-ago period, as per the company's consolidated interim financials for the period ended on 30 June 2021.
The adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) declined to $115.891 million in the first six months of 2021 from $ 121.025 million in the corresponding period of 2020.
The basic and diluted earnings per share (EPS) settled at $0.012 in H1-21, against $0.013 in H1-20.
It is noteworthy to mention that on 14 July 2021, Yahsat has completed its initial public offerings (IPO) on the Abu Dhabi Securities Exchange (ADX).
