Under the rules of the listing manual, SGX will place issuers under its watchlist if they record pre-tax losses for the three most recently completed consecutive financial years and have an average daily market capitalisation of less than $40 million over the past six months.
SATS has given notice that it has recorded pre-tax losses for the three most recently completed straight financial years.
For the FY2022/FY2023 ended March 31, SATS reported a loss of $26.5 million. The group’s profit for the year stood at $38.6 million.
