5 Aug 2020 - Singapore Business Review
It suffered with a drop in hotel occupancies and temporary hotel closures. ARA US Hospitality Trust (ARA H-Trust) saw a net loss of $2.02m in H1 from a forecast of a $29.48m profit, an SGX filing revealed. Revenue similarly sunk 58.4% to $39.35m from $94.51m. Likewise, gross operating profit plunged ...
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