ACCORDIA Golf Trust on Tuesday posted a loss per unit of 20.71 Singapore cents for the fourth quarter ended March 31, widening from a loss per unit of 3.19 Singapore cents for the year-ago period.
The trust, which comprises investments in golf course assets in Japan, saw a net loss attributable to unitholders of 18,474 million yen for the quarter. Japan's golf industry continues to see more mergers and acquisitions, which Accordia Golf Trust deemed beneficial"as there are more reputable golf course operators with stronger balance sheets to face future headwinds".
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