Roxy-Pacific Holdings says it expects to report losses for the 2HFY2020 and FY2020 ended Dec 31, 2020, due to the negative impact on its earnings due to the prolonged Covid-19 pandemic.

The losses are mainly due to expected impairments on hotel assets incurred by its hospitality segment, and share of losses in overseas associated companies.

SEE: CEO of IPS Securex pares stake as company reverses from the red

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