Isetan warns of FY2020 loss on impairment charges

MAINBOARD-LISTED Isetan Singapore expects to report a net loss for FY2020 ended December, the department store operator said in a Friday bourse filing after market close.

The loss is mainly due to impairment charges on property, plant and equipment and right-of-use assets, it said. Isetan Singapore will announce its results on or before March 1.

Shares of Isetan Singapore closed flat at S$4.45 on Friday.