Brief: Frasers Property Says Operating Environment For To Remain Challenging This Year

Frasers Property

08/04/2020 05:45

April 8 (Reuters) - Frasers Property Ltd  FRPL.SI :
    * OPERATING ENVIRONMENT FOR GROUP'S VARIOUS BUSINESSES WILL
REMAIN
CHALLENGING THIS YEAR
    * ACROSS CITIES CO SEES AN IMPACT TO OVERALL HOSPITALITY
BUSINESS
DUE TO COVID19
    * "FACING AN UNCERTAIN ENVIRONMENT THAT IMPACTS OUR BUSINESS
PERFORMANCE AND INEVITABLY, REVENUE AND EARNINGS"
    * COST CONTAINMENT MEASURES IMPLEMENTED INCLUDING TEMPORARY
CLOSURE OF ROOMS & AMENITIES BY FLOORS, UNPAID LEAVE FOR STAFF
    * TEMPORARILY CLOSED ALL FOOD AND BEVERAGE OUTLETS AT HOTELS
IN
SYDNEY AND MELBOURNE
    * WILL PROGRESSIVELY CLOSE HOSPITALITY PROPERTIES IN UK ON A
TEMPORARY BASIS
    * COST CONTAINMENT MEASURES INCLUDE SHORTENED WORK HOURS &
REVIEW
OF ALL OPERATING CONTRACTS

Source text for Eikon:  ID:nSNZ8JcMx4 
Further company coverage:  FRPL.SI 

 ((Reuters.Briefs@thomsonreuters.com;))