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138 Student Living faced challenging financial year in 2018

138 Student Living is reporting that its 2018 financial year was very challenging.
 
The company suffered a net loss of  $49 million .
 
138 Student Living noted that increasing its rooms had a negative impact on profitability as income was less than optimal while expenses continued to balloon.
 
It says an agreement has been reached to delay the construction of  the remaining rooms.
 
It's expected that completion of  the remaining units will be based on demonstrable evidence of  demand.


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