Link REIT sounds alarm on profit given COVID-19 difficulties


Link REIT has warned that it will report a net loss the year ended 31 March 2020.

The loss is being reported against the backdrop of adverse consumer sentiments, and retail sales.

“It is expected that the business environment in Hong Kong and mainland China will remain challenging the near term until the spread of COVID-19 is effectively contained”, said the REIT.

Link REIT has a portfolio of properties across Hong Kong, China, and one property in Australia.

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