5 March 2021
ISAT – Tower Sales Expected to Improve Bottom Line
Throughout 2020, ISAT booked top line growth of 6.9% YoY. But, financial costs and changes from fair value of derivatives resulted in ISAT’s bottom line to book another net loss in 2020. We see that the proposed sales of 4,000 towers will help ISAT’s bottom line to recover in FY21/FY22.