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For the nine-month period, the company swung into a net loss of $79.7 million from earnings of $174.7 million the year before.
SEE: Sembcorp Industries appoints SATS chief corporate officer as new group chief financial officer
“We are committed to helping our airline customers to rebound from this crisis,” says Alex Hungate, president & CEO of SATS. “In addition, SATS aims to grow its revenues from foodservice and retail chains, institutions, fast-casual restaurants, and other non-travel related customer segments such as security services.” On Feb 10, SATS closed down 3 cents or 0.7% at $4.09 with 1.4 million shares changed hands.