Katrina Group Ltd. Provides Consolidated Earnings Guidance for the First Half Ended June 30, 2020
August 07, 2020 at 11:05 am
Katrina Group Ltd. announced that based on the preliminary review of its consolidated results for the period ended 30 June 2020, the Group is expected to report a loss for the first half of 2020. The expected loss is mainly due to a significant decline in revenue and gross profits by the Group arising from the temporary closure of operations during the Circuit Breaker period, as well as high operating and administrative costs.