Department store operator Isetan (Singapore) has reported earnings of $1.25 million for 1HFY2021, a reversal from a loss of $317,000 in 1HFY2020. Revenue in the same period increased by 12.84% to $38.4 million, with both higher retail sales and rental income.
The company warns that the retail environment remains “challenging” because of the pandemic and thus retail revenue will still be negatively impacted over the coming months.
