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FDC posts loss, but expects a recovery

FDC International Hotels Corp (雲品國際) yesterday posted a loss of NT$29.31 million (US$1.04 million) for last year, although it has proposed distributing a cash dividend of NT$0.5 per share while predicting that the industry would recover this year.
Revenue fell to NT$1.45 billion from NT$1.83 billion in 2020, when the New Taipei City-based conglomerate posted net profit of NT$108.97 million.
Business greatly improved after the government lifted a ban on indoor dining in August last year and eased social distancing requirements after a COVID-19 alert, FDC said.
FDC last year suspended its flagship Fleur de Chine Hotel near Nantou County’s Sun Moon Lake ....

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