Brief: Banyan Tree Holdings Sees Net Loss For Half Year Ending 30 June

Banyan Tree Holdings

23/06/2020 11:20

June 23 (Reuters) - Banyan Tree Holdings Ltd  BANY.SI :
    * SEES NET LOSS FOR HALF YEAR ENDING 30 JUNE
    * HOTEL INVESTMENTS SEGMENT RECORDED SIGNIFICANTLY LOWER
OCCUPANCIES IN APRIL AND MAY
    * EXPECTS AN OPERATING LOSS FOR FY ENDING 31 DEC 2020
    * FOR FIVE MONTHS, OCCUPANCY AND REVENUE PER AVAILABLE ROOM
FOR CO
OWNED HOTELS IN THAILAND WERE 36% AND S$106 RESPECTIVELY
    * BOARD VOLUNTARILY COMMITTED TO 15% REDUCTION IN CASH FEE
COMPONENT OF THEIR DIRECTORS' FEES FOR FY ENDED 2019
    * EXPECTS OPERATING PERFORMANCE FOR HY ENDING 30 JUNE TO BE
ADVERSELY AFFECTED

Source text for Eikon:  urn:newsml:reuters.com:*:nSNb6L82N
Further company coverage:  BANY.SI 

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