Gallant Venture Ltd. provided earnings guidance for the year ended December 31, 2020. For the period, the company will be reporting significantly higher loss for Fiscal Year 2020 as compared to a net loss of SGD 212.2 million in the preceding financial year ended December 31, 2019. The higher losses are mainly due: The recognition of net loss of SGD 595.7 million on deconsolidation of IMAS; The impact of COVID-19 pandemic on the Group's utilities, ferry services and tourism related businesses in the resort segment; and Share of continued losses in IMAS.