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Sats sinks into the red in Q4 with S$6.3m loss
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Tay Peck Gek
Published Thu, Jul 9, 2020 · 09:50 PM
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Singapore
THE novel coronavirus pandemic has hit the profitability of Sats, causing the ground handler and food solutions provider to sink into the red for the three months to end-March.
The listed company recorded a net loss of S$6.3 million for the fourth quarter of FY 2020, against earnings of S$49.9 million a year ago, according to the financial results it released on Thursday.
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