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Corporate digest

Published Thu, Apr 30, 2020 · 09:50 PM

Sats

GATEWAY services provider Sats expects its profit to decline by 60-70 per cent year-on-year for the fourth quarter ended March, resulting in a fall of up to 25 per cent for the full year.

In a profit guidance on Thursday evening, the firm added that it expects a loss of between S$50 million and S$70 million in Q1 FY2021, after accounting for government grants.

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