Gallant Venture Ltd. provided group earnings guidance for the six months ended 30 June 2020. The group is expected to report significant loss for the unaudited financial results of the Group for the first half and six months ended 30 June 2020 mainly due to: Decline in utilities revenue in the resort segment, the ferry services and tourism related services as a result of COVID-19 pandemic and extended travel lockdown in locations the company operates in; Higher losses from PT Indomobil Sukses Internasional Tbk (IMAS); and Net Loss recognised on deconsolidation of IMAS in accordance to Singapore Financial Reporting Standard (International) as a result of loss of control of IMAS in relation to the Group's decision not to subscribe its entitlement under IMAS's right issue.