HC Group’s revenues down 27% in first half

Hong Kong, 25th August: Earlier this week, Hong Kong-listed HC Group released its interim results for the six months ended 30th June 2020. The company’s revenues fell 27% in the first half of the year, down to US$705 million. The company also posted a large loss of US$40 million in the first half, compared with a loss of US$24 million in the same period last year.

Management attributed the decrease in revenues to the impact of the COVID-19 pandemic, which resulted in extensive nationwide disruptions to all of the HC Group’s business operations – especially its exhibitions and meetings activities.