Hwa Hong Corporation Limited Provides Financial Guidance for the Half Year Ended 30 June 2020
July 14, 2020 at 05:23 am EDT
Hwa Hong Corporation Limited provided financial guidance for the half year ended 30 June 2020. The Group is expected to report a loss for the half year ended 30 June 2020 compared with a profit for the corresponding period in 2019 due primarily to a SGD 1.8 million impairment in rent receivable from a tenant in London who has gone into administration due, to the current Covid-19 pandemic and the government imposed lockdown in the UK.