Meorient’s profit jumps nearly 350% in Q1

Hangzhou, 26th April: Shenzhen-listed exhibition organiser, Meorient released its results for the quarter ended 31st March 2024. Meorient organises trade shows that aim to bring Chinese businesses overseas – particularly to emerging markets in the Middle East, Africa, Eastern Europe and South America.

Meorient generated revenues of US$11 million, an increase of 12% year-on-year. The company’s profit in the quarter jumped 349%, compared with the same quarter last year, reaching US$667,000. Diluted earnings per share in the three-month period were RMB 0.03 (US$0.0042). The company’s management did not comment on the growth drivers or the company’s outlook for the rest of the year.