CCID’s revenues up 25% in first half

Beijing, 2nd August: CCID Consulting, an IT research and information service provider in China, posted revenue growth of 25% in the first half of 2018 amounting to US$9.3 million. Profit in the six-month period was US$317,000, compared with a loss of US$1.3 million recorded in the same period in 2017. Earnings per share in the period were RMB 0.0035 (US$0.0005).

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Sino Splendid reduces loss in first half

Hong Kong, 8th August: Hong Kong-listed Sino Splendid (formerly China.com) has recently released its results for the six-month period ended 30th June 2018. Revenues in the first half were US$5.3 million, a year-on-year decrease of 2.2%. The company attributed the slight decline to weaker performance from its Travel Media Business and Financial Magazine Business. The company reduced its loss to US$1.9 million compared with a loss of US$22 million in the same period in 2017.

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BOL’s revenues up 14% in Q2

Bangkok, 6th August: Earlier this week, Business Online (BOL), a leading online information service provider in Thailand, reported its financial results for the quarter ended 30th June 2018. Revenues in the quarter grew 14%, reaching US$3.7 million. The company posted net income of US$945,000, an increase of 12% year-on-year. The company attributed the increase in revenues to the strong performance of its information services business as well as revenues from special one-off projects.

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First Asian MICE Cruise Conference to be held at IT&CMA

Bangkok, 3rd August: The first Asian MICE Cruise Conference will be held as part of IT&CMA 2018 on 18th September. Industry leaders are expected to gather at the conference. It will include a panel discussion led by cruise CEOs as well as an exchange on the case for forecast growth of MICE cruises. The conference will address a wide variety of other topics and it will offer networking opportunities at hosted breakfasts, coffee breaks and luncheons.

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Space sold at Asian trade fairs in 2017 grows faster than forecast

Paris/Hong Kong, 9th August: UFI, The Global Association of the Exhibition Industry, released the 14th edition of its Trade Fair Industry in Asia annual report, covering 17 markets including Greater China and Southeast Asian markets, Japan, Korea, India, Pakistan, Australia, Cambodia and Myanmar. The report provides complete data on these regions up to 31st December 2017, with additional figures and commentary on likely trends for the following year.

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RELX Group’s exhibitions profit up 9% in first half

London, 26th July: Last week, London-listed RELX Group (formerly Reed Elsevier) reported its results for the six months ended 30th June 2018. The group’s total revenues were £3.7 billion (US$4.8 billion), an underlying growth of 4%. Adjusted operating profit in the period increased by 6% amounting to £1.1 billion (US$1.5 billion).

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Baidu’s revenues up 32% in Q2

Beijing, 31st July: Earlier this week, Baidu, the leading Chinese language Internet search provider, announced its financial results for the quarter ended 30th June 2018. Total revenues in the quarter were US$3.9 billion, a 32% increase over the same period in 2017. Net income in the second quarter grew 45% year-on-year amounting to US$967 million. Diluted earnings per share in the quarter were RMB 18.14 (US$2.74).

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Tarsus posts strong performance in first half

London, 26th July: U.K.-based exhibition organiser, the Tarsus Group has announced its interim results for the first half of 2018. Group revenues in the first half were £35.6 million (US$47 million) which is an increase of 32% compared with the 2016 figure and an increase of 12% (excluding acquisition and biennial events) on a like-for-like basis. Adjusted profit before tax was £5.8 million (US$7.7 million) in the six-month period. The company recorded buyer/visitor growth of 13% across its portfolio.

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Korean consortium appointed to manage India’s largest convention centre

New Delhi, 24th July: A consortium led by the eSang Networks, a leading exhibition organiser in Korea, and KINTEX, operator of Korea’s largest exhibition venue, has won a bid to manage and operate the India International Convention and Exhibition Center (IICC) in New Delhi for 20 years. IICC is often referred to as the Dwarka project.

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