GSH gives updates amid pandemic; wins court case over land dispute

Published Thu, May 7, 2020 · 09:50 PM

Singapore

PROPERTY developer GSH Corporation posted a 32 per cent decline in its hospitality segment's Q1 2020 revenue to S$13.2 million from S$19.5 million the year before.

The Covid-19 pandemic situation is expected to continue to cast a negative impact on the group's hospitality business, which comprises two hotels in Sutera Harbour Resort and an island resort, Sutera @ Mantanani, in Kota Kinabalu, Sabah, it said in an update on Thursday.

Due to the Covid-19 outbreak, tourists from China and South Korea - which were the top two contributors of international arrivals in Sabah - were denied entry. They were a major source …