Katrina warns of FY2020 loss on Covid-19 impact
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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.
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