SINGAPORE (July 9): SATS, the gateway services and food solutions provider, reported a net loss of $6.3 million in 4Q20, compared to the earnings of $49.9 million reported in 4Q19.

The loss was mainly attributable to provisions by the group and impairments of $51 million.

This brings SATS’s total earnings for FY20 to $168.4 million, a 32.2% drop y-o-y from last year.

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