Sats cuts loss in Q2; gears up to handle vaccines

Singapore

GROUND-HANDLER and food supplier Sats continued to chalk up a quarterly loss but managed to reduce the red ink to S$33.2 million for the three months to September from S$43.7 million in the preceding quarter.

The firm also announced in a regulatory filing on Thursday that it is gearing up to handle vaccines for the novel coronavirus. Several of its facilities, including those in Singapore and Beijing, are International Air Transport Association (IATA) CEIV Pharma certified.