Home News Results

MNACT posts 19.5% fall in 1Q20/21 NPI to $68.5 mil in business update

Felicia Tan
Felicia Tan7/27/2020 07:16 PM GMT+08  • 2 min read
MNACT posts 19.5% fall in 1Q20/21 NPI to $68.5 mil in business update
The manager of Mapletree North Asia Commercial Trust (MNACT) says its financial and operational performances have continued to be impacted by the ongoing Covid-19 outbreak, particularly in Hong Kong.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Mapletree North Asia Commercial Trust (MNACT) says its financial and operational performances have continued to be impacted by the ongoing Covid-19 outbreak, particularly in Hong Kong.

Earlier today, Hong Kong announced the ban of restaurant dine-ins, and gatherings of more than two people within the special administrative region (SAR).

Gross revenue fell 10.7% y-o-y to $93.7 million due to the $18.1 million of rental reliefs extended to its tenants. A bulk of it went mainly to the retail tenants at Festival Walk.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.