Legacy Housing Corporation Reports Fourth Quarter 2020 Financial Results
March 16, 2021 23:55 ET | Source: Legacy Housing Corporation Legacy Housing Corporation Bedford, Texas, UNITED STATES
BEDFORD, Texas, March 16, 2021 (GLOBE NEWSWIRE) Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the fourth quarter ended December 31, 2020.
Financial Highlights:
Net revenue for the fourth quarter of 2020 was $48.7 million. This was a 12.5% or $5.4 million increase from the fourth quarter of 2019.
Interest revenue from our consumer and mobile home park portfolios for the fourth quarter of 2020 was $6.4 million. This was a 10.0% or $0.6 million increase from the fourth quarter of 2019.
Selling, general and administrative expense in the fourth quarter of 2020 was $4.9 million. This was a decrease of 20.9% or $1.6 million from the $6.6 million recorded in the fourth quarter of 2019.
Howard Hughes Hotel Income Drops 90% In 2020, But Office Income Up 37% Courtesy of Howard Hughes Corp. An aerial view of Hughes Landing in The Woodlands, Howard Hughes Corp. s master-planned community in north Houston.
Master-planned community developer Howard Hughes Corp. reported a net income loss of $26.2M in 2020, a departure from the net income gain of $74M in 2019, according to the firm’s Q4 2020 earnings report.
Howard Hughes Corp. posted a loss of $6.6M in the fourth quarter, compared with a loss of $1.1M during the same quarter in 2019.
Like many other companies in the commercial real estate sector, the coronavirus pandemic took a significant toll on the performance of Howard Hughes’ portfolio. For its operating assets, the developer reported a loss of $24.3M in 2020, down 11% from 2019.
Optimism from Thai AirAsia CEO as AAV Reports Net Loss of THB 4.7 Billion
(25 Feb 2021) Asia Aviation (AAV), the major shareholder of Thai AirAsia, has reported a Q4 2020 revenue of Baht 4,158.6 million and a net loss of Baht 1,114.4 million (1.1 billion Thai Baht equals approximately US$36.5 million).
The loss was partially caused by the impairment on right-of-use assets equating to Baht 1,416 million. Thai AirAsia was EBITDA positive in the quarter, excluding the fuel hedging loss of Baht 799 million.
Domestic flight services performed exceptionally well in Q4 2020 with Thai AirAsia operating 107 percent of the number of seats it did in the corresponding period in 2019, prior
KUALA LUMPUR: Malaysia’s labour productivity continued to decline at negative 2.9 per cent in fourth quarter (Q4) 2020 after registering negative 2.2 per cent in Q3 2020, due to the impact of the conditional movement control order (CMCO), according to the Department of Statistics Malaysia (DOSM).
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the total hours worked in Q4 2020 declined 2.7 per cent in line with the shorter business operation hours following the CMCO, recording a total of 8.6 billion hours. This had resulted to the labour productivity as measured by value added per hour worked dropping slightly by 0.8 per cent at RM42 per hour after increasing marginally by 0.1 per cent at RM41 per hour in Q3 2020, he said in a statement in conjunction with the release of Q4 2020 Labour Productivity report today.