Jul 2, 2020
Covid19 Impact: Mall operators’ operating income to decline 45-60% in FY2021, says ICRA - ET Retail
Covid19 Impact: Mall operators’ operating income to decline 45-60% in FY2021, says ICRA – ET Retail
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MUMBAI: Extended mall closures and rent waivers offered by mall operators are expected to hit their net operating income and debt service coverage indicators in the current financial year. Among the key financial indicators, their operating income is likely to decline 45-60% in 2020-21, said ICRA Research.
The increasing spread of the Covid-19 pandemic in India, starting from mid-March…
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