Covid-19 impact 'largely confined' to Tuan Sing's hospitality segment, says group

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Covid-19 impact 'largely confined' to Tuan Sing's hospitality segment, says group
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SINGAPORE (THE BUSINESS TIMES) - The impact of the Covid-19 outbreak on property developer Tuan Sing Holdings' business operations is 'largely confined' to its hospitality segment, with its diversified portfolio across segments and regions ensuring a 'high degree of resilience', said the group in a corporate update late on Saturday (May 9).. Read more at straitstimes.com.

SINGAPORE - The impact of the Covid-19 outbreak on property developer Tuan Sing Holdings' business operations is"largely confined" to its hospitality segment, with its diversified portfolio across segments and regions ensuring a"high degree of resilience", said the group in a corporate update late on Saturday .

The group said that revenue and profit have"outperformed" year-on-year in its first quarter, but did not reveal figures. Tuan Sing added that it is exploring a"significant dividend" in the second half of 2020.

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