Photo: mm2 Asia

UnUsUaL Limited says it expects to record a further net loss in the FY2021, compared to net profit for the FY2020.

This is due to the negative impact from the ongoing Covid-19 pandemic, where the group had to suspend or scale down its large-scale live events and concerts in Singapore and the region.

SEE:UnUsUaL Limited to skip quarterly reports following amendment to Catalist rules

The group says it also expects to record an impairment loss on financial assets during the year, which contributed “significantly” to the year’s losses.

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The group, on Oct 16, 2020, announced that it expected to record a net loss for the 1HFY2021, compared to net profit posted in the corresponding period the year before.

Shares in UnUsUaL closed 0.2 cent higher or 1.2% up at 17.5 cents on May 19.