Regal Hotels International Holdings Limited provided earnings guidance for the six months ended 30th June, 2020. For the period, the company expects that it will incur a net loss in excess of HKD 800 million for the 2020 Interim Period, while a profit of HKD 379.1 million was recorded for the comparative six months in 2019. As already indicated in the annual results of the Group for 2019 released on 26th March, 2020, the outbreak of the novel coronavirus is causing severe disruption to overall business activities. During the 2020 Interim Period, the revenue from the Group's core hotel businesses has dropped drastically as compared to that in the first six months of 2019. Nevertheless, through the implementation of prompt measures to streamline operating structure and to contain operating costs, the Group has been able to achieve a modest gross operating profit in the overall business operations of all the hotels operated by the Group in Hong Kong during the 2020 Interim Period. The loss expected to be incurred by the Group for the 2020 Interim Period is mainly attributable to the fair value losses on financial assets through profit or loss and investment properties and depreciation charges on the hotel properties, all of which are non-cash items, and finance costs.