Sino Splendid narrows loss

Hong Kong, 20th March: Last week, Hong Kong-listed Sino Splendid (formerly announced its full year results for the year ended 31st December 2018. The company reported revenues of US$12 million in the year, increasing slightly by 1.5% year-on-year. Meanwhile, the company narrowed its net loss for the year, down to US$3.7 million compared with the loss of US$23 million in 2017.

More than 75% of Sino Splendid’s revenues were generated from its Travel Media Business amounting to US$9.1 million, which was similar to last year. The remaining revenues were generated by its financial magazine business (US$2.8 million) and a small amount from its money lending (US$195,000).