Royal International Corporation announced earnings results for the first quarter of 2020. The company reported a loss of VND 33 billion in the first quarter. Overall revenues remained roughly the same at VND 35.7 billion. The company posted a loss of almost VND 73 billion last year.

The company last month cut its profit target for this year by half to $404,000 after Vietnam banned international flights and closed down tourist destinations to curb the spread of the novel coronavirus.