Brief: Hiap Hoe Posts HY Loss Attributable Of S$21.1 Mln
13/08/2020 12:19
Aug 13 (Reuters) - Hiap Hoe Ltd HIAP.SI :
* HY LOSS ATTRIBUTABLE S$21.1 MILLION VERSUS PROFIT S$5.8
MILLION
* HY REVENUE S$42.9 MILLION VERSUS S$61.3 MILLION
* EXPECTS RENTAL YIELDS & OCCUPANCY RATES OF ITS EXISTING
PROPERTIES TO CONTINUE TO BE ADVERSELY IMPACTED AMID COVID-19
* WEAKER FINANCIAL PERFORMANCE FROM COVID-19 MIGHT RESULT IN
A
DECLINE IN VALUE OF GROUP'S PROPERTIES AS COMPARED TO PRECEDING
FY
* EXPECTS THAT ITS INVESTMENT PORTFOLIOS WILL CONTINUE TO BE
AFFECTED BY MARKET VOLATILITY
Source text for Eikon: urn:newsml:reuters.com:*:nSNZ97Y6s1
Further company coverage: HIAP.SI
((Reuters.Briefs@thomsonreuters.com;))
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