ARA US Hospitality Trust posts $2.02m net loss in H1

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No It suffered with a drop in hotel occupancies and temporary hotel closures. ARA US Hospitality Trust (ARA H-Trust) saw a net loss of $2.02m in H1 from a forecast of a $29.48m profit, an SGX filing revealed. Revenue similarly sunk 58.4% to $39.35m from $94.51m. Likewise, gross operating profit plunged 84.7% to $5.84m from its $38.12m forecast. The firm arrived at a net loss and nil distributable income after taking into account fixed costs. read more