Regal Hotel (00078.HK) announced that it had income of HK $404 million for the six months ended June 30, 2021.Year-on-yearAn increase of 5.1%; the loss attributable to the owners of the company was HK $276 million, narrowing compared with the same period last year.67.6%;Loss per share37.07 Hong Kong cents; no dividend.
The Group's core hotel business continued to be seriously affected by the 2019 coronavirus outbreak. However, through business strategy adjustment and streamlined operation measures, the Group was able to maintain its overall operating net profit in hotel business in the first half of 2021, but far below its normal level before the outbreak.
However, due to significant improvements in other business segments, including investment in financial assets and interests in the JV Company, the losses incurred in the mid-2021 period were much lower than those recorded in the same period in 2020.