THE following companies saw new developments which may affect trading of their shares on Wednesday: SATS: Fourth quarter net profit at in-flight catering service provider SATS inched down 1.8 per cent from a year earlier to S$65.4 million, with a slowdown in the food solutions business offset by a stronger showing in gateway services. Yoma Strategic Holdings: Yoma Strategic Holding's f iscal fourth-quarter profit retreated 85.5 per cent to S$3.5 million, compared to S$24.08 million a year ago. This came on the back of a 48.2 per cent drop in revenue to S$25.1 million from S$48.4 million a year ago, impacted by reduced income generated from the sale of residences and land development rights (LDRs), which fell the most in the company's breakdown of revenue. MM2 Asia: MM2 Asia, the new owners of the Cathay movie theatre chain, on Tuesday reported a 42 per cent increase in net profit for its fiscal fourth quarter.