Corporate digest

Frasers Hospitality Trust

FRASERS Hospitality Trusts' (FHT) distribution per stapled security (DPS) for the second quarter ended March 31, 2020, fell 68.1 per cent to 0.3137 Singapore cents from a year ago as the travel demand took a significant hit from the Covid-19 pandemic.

Gross revenue shrank 41.5 per cent to S$20.2 million, while net property income dropped 52 per cent to S$12.1 million. Income available for distribution (DI) was 67.2 per cent lower at S$6.1 million.