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The manager of Soilbuild Business Space REIT (Soilbuild REIT) has declared a distribution per unit (DPU) of 0.745 cents for 2Q20 ended June, a 36.8% drop from the DPU of 1.179 cents a year ago.

Sabana’s full total DPU for 1H20 would have been 1.05 cents, if not for the retention of 55% of its DI to conserve capital. The manager says the amount will be paid out at a later date.

The total distributable income to unitholders amounts to some $40.8 million after the REIT says it has decided to retain about $7.0 million in 1Q20 for “prudent cash flow management”.

SATS, the gateway services and food solutions provider, reported a net loss of $6.3 million in 4Q20, compared to the earnings of $49.9 million reported in 4Q19.

Fortress Minerals, the producer and exporter of high-grade iron ore concentrate from Malaysia, reported a 97.9% increase in 1Q21 earnings to US$2.2 million ($3.0 million) from US$1.1 million in 1Q20 a year ago.

The top five cities that contributed to the rise in contracted pre-sales are Nanjing, Suzhou, Shenzhen, Nantong, and Hangzhou, in China.

This brings Cortina’s earnings for FY20 to $39.3 million, up 36% from FY19’s earnings of $29.0 million.

Private healthcare operator IHH Healthcare reported a net loss of RM319.8 million ($103.8 million) for 1Q20, from the RM89.5 million profit a year ago.

Metro Holdings has announced 2H20 earnings of $11.3 million compared to $62.4 million a year ago, mainly due to the fair value adjustments of its investment properties, joint ventures, as well as rental rebates and waivers granted to tenants.

The significant increase is driven by 68.1% growth in contributions from the Azeus Products segment.