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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . THE HONGKONG AND SHANGHAI HOTELS , LIMITED THE HONGKONG AND SHANGHAI HOTELS , LIMITED 香港 上海 大 酒店 有限公司 ( Incorporated in Hong Kong with limited liability ) ( Stock Code : 00045 ) website : www.hshgroup.com 2021 Interim Results HIGHLIGHTS As forewarned in the company's 2020 annual report , the group's results for the six months ended 30 June 2021 continued to be significantly negatively affected by the COVID - 19 coronavirus pandemic The group's revenue and combined revenue * declined by 5 % and 1 % to HK $ 1,264 million and HK $ 1,420 million respectively With significant cost savings , the group's EBITDA and combined EBITDA * amounted to HK $ 6 million and HK $ 35 million respectively compared to EBITDA losses of HK $ 95 million and HK $ 114 million in the same period last year Underlying loss ** amounted to HK $ 375 million ( 2020 : HK $ 499 million ) Loss attributable to shareholders amounted to HK $ 452 million ( 2020 : HK $ 1,197 million ) , inclusive of net property revaluation deficit of HK $ 77 million ( 2020 : revaluation deficit of HK $ 365 million and impairment provisions of HK $ 329 million ) Loss per share was HK $ 0.27 ( 2020 : HK $ 0.73 ) The group's financial position as at 30 June 2021 remained strong with shareholders ' funds amounting to HK $ 36,459 million ( 31 December 2020 : HK $ 36,844 million ) and the group's net external debt to total assets remained moderate at 22 % ( 31 December 2020 : 20 % ) Given the current difficult environment and results , the Board felt it was prudent not to declare an interim dividend * Combined revenue / combined EBITDA is calculated by including the group's effective share of revenue / EBITDA of associates and joint venture ** Underlying loss is calculated by excluding the post - tax effects of unrealised property revaluation movements and impairment provisions -1-