(00071-hk) announced that its revenue for the six months ended June 30, 2020 was RMB 765 million, a year-on-year decrease of 51.8%. The profit was $157 million, down 79.6% year-on-year. Interim interest was distributed at HK $22 per share, a year-on-year decrease of 8.3%. Excluding the after tax impact of changes in valuation of investment properties, non operating and non recurrent items, the profit was RMB 229 million, down 45.4% year on year. As a result of the health incident, the group’s revenue from hotels and serviced apartments decreased by 69% to $125 million over the same period last year, while the profit before interest, tax, depreciation and amortization (EBITDA) was a loss of HK $10.4 million, compared with a profit of $119 million in the same period of last year. < / P > < p > under the restriction of cross-border tourism, the group adjusted its operation strategy rapidly and launched promotion activities for local customers, including food and leisure local accommodation plan and limited time advance purchase discount, so as to stimulate local consumption and improve hotel occupancy rate. At the same time, the group has implemented various cost reduction measures, including temporary closure of some hotel catering facilities and suspension of recruitment, so as to minimize operating costs while maintaining service quality.