FY2020 net loss ahead for GL

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No The group saw potential impairment losses from their hotel assets and development property. Investment firm GL has announced that they are expecting to report a net loss for FY2020, an SGX filing stated. The losses are primarily due to the COVID-19 pandemic that has resulted in widespread international travel restrictions and severely disrupted the Group’s UK hospitality business led by its wholly-owned subsidiary, GLH Hotels Limited. read more