For FY2020 ended Dec 31 2020, the hotel operator announced losses of US$460.2 million on the back of 57.5% y-o-y drop in revenue to just over US$1 billion. The company reported earnings of US$152.5 million for the preceding FY2019. To conserve cash, no dividend has been declared for FY2020, versus 8 HK cents for the preceding FY2019. As at 4.11 pm, Shangri-La Asia shares traded at HK$7.82, down 1.39% for the day.