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 Au…