TA Corp expects 'significant net loss' for H1 2020

PROPERTY and construction firm TA Corporation on Monday flagged that it expects to report a "significant net loss" for H1 2020 and consequently, expect a loss for the full year ending Dec 31, 2020.

This announcement followed a preliminary assessment of its unaudited results for the six months ended June 30.

"The group's businesses have been impacted by the Covid-19 circuit-breaker measures and movement-control measures implemented in countries where the group operates," it said.

It added that it will disclose its financial performance by no later than 45 days after the end of the financial period.

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