KUALA LUMPUR, Nov 12 (Bernama) -- Space42, the United Arab Emirates (UAE)-based artificial intelligence (AI)-powered space technology company, posted a 31 per cent rise in net profit to US$49 million for the nine months ended Sept 30, on revenue growth of 11 per cent to US$404 million. (US$1 = RM4.07)
Space42 Nine-Month Net Profit Up 31 Pct
BE Bernama 
Key takeaways
Space42 reported a 31% rise in net profit to US$49 million for the nine months ended Sept 30, with revenue up 11% to US$404 million.
- EBITDA increased 30% to US$194 million, margin 48%
- Space Services revenue rose 11% to US$340 million, Smart Solutions grew 16%
- Cash over US$1.3 billion, backlog US$6.2 billion, 37% of share buyback completed
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