Annual Report 2020

Food and Beverage Business The Group’s food and beverage business recorded revenue of HK$120 million, while EBITDA was a loss of HK$11.5 million for the year. In 2019, the revenue and EBITDA were HK$244 million and HK$24 million respectively. BOUNDLESS DELICACIES 019 Miramar Hotel and Investment Company, Limited Annual Report 2020 Management Discussion and Analysis