Corporate digest

Tung Lok Restaurants (2000)

THE restaurant chain operator and caterer sank into the red in the second half of FY2020 ended March, with a net loss of S$1.2 million, reversing from earnings of S$405,000 a year ago.

Revenue for the period was hit when the novel coronavirus struck Singapore in late January - the beginning of Tung Lok's Q4 and a traditionally busy period for its restaurants.