SATS records $2.8m net loss in Q3

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No This is despite a net profit of $59.3m the previous year. Food solutions and gateway services provider SATS has posted a net loss of $2.8m for Q3 ended 31 December 2020 despite a net profit of $59.3m a year ago, the company announced in a business update. Despite tough operating conditions, the group has narrowed its net loss by $30.4m to $2.8m QoQ due to an uptick in air cargo volumes and improved contribution from overseas entities. read more