Brief: Frasers Hospitality Trust Posts Q2 Net Property Income S$12.1 MLN

Frasers Hospitality Trust

08/05/2020 16:22

May 8 (Reuters) - Frasers Hospitality Trust  FRHO.SI :
    * Q2 NET PROPERTY INCOME S$12.1 MILLION VERSUS S$25.2
MILLION
    * Q2 GROSS REVENUE S$20.2 MILLION VERSUS S$34.6 MILLION
    * DECLARES DPS OF 0.3137 CENTS FOR 2Q FY2020
    * DISTRIBUTION RATE AFTER RETENTION FOR 1H20 0.3287
CENTS/STAPLED
SECURITY
    * TO TEMPORARILY SUSPEND OPERATIONS AT WESTIN KUALA LUMPUR
FOR 2
MONTHS, STARTING 1 MAY
    * OPERATING WITH MINIMUM MANNING LEVEL ON-SITE LABOUR;
PROPERTY
STAFF ON UNPAID LEAVE & FURLOUGH
    * RENEGOTIATING WITH VENDORS TO SECURE BETTER PRICING
    * FRASERS HOSPITALITY TRUST- LIMITING OR DISCONTINUING FOOD
AND
BEVERAGE OFFERINGS
    * ANTICIPATE MODERATING EVENTUAL DISTRIBUTION OF S$25.3
MILLION
RETAINED, DEPENDING ON AVAILABLE DI BASED ON FY20 STATEMENTS
    * TEMPORARY CLOSURE OF ROOMS AND AMENITIES BY FLOOR

Source text for Eikon:  ID:nSNZ4FxL1B 
Further company coverage:  FRHO.SI 

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