Katrina warns of FY2020 loss on Covid-19 impact

DINING group Katrina Group, which includes brands Bali Thai and So Pho, anticipates a loss for FY2020 ended December, the Catalist-listed company announced in a Thursday bourse filing after the market close.

The expected loss is due to lower revenue amid the Covid-19 pandemic, as well as impairment losses on some non-current assets, Katrina said. It will announce its full-year results on or before March 1.

Shares of Katrina, closed flat at S$0.134 on Thursday.