Forterra Trust narrows Q1 loss
FORTERRA Trust's first-quarter loss attributable to unitholders narrowed 38.6 per cent to $10.4 million, from $16.9 million a year ago.
This translated to a loss per unit of 4.1 cents, against 6.7 cents previously.
The business trust's revenue for the three months ended March 31 fell 35.5 per cent to $15 million, mainly due to the divestment of Central Plaza last May, the termination of rent guarantee for Central Park Mall last August and the ongoing refurbishment of the retail podium at The Place (formerly The HQ).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
3M to cut dividend on health-care spin, losing aristocrat status
OCBC should be seen as ‘financial conglomerate’ unlike local banking peers, says chairman
HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion
McDonald's sales miss estimates as customers cut back spending
Coca-Cola raises annual organic sales forecast on global demand, higher prices
No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays