Hong Kong, 8th May: Earlier this week, Hong Kong-listed Sino Splendid (formerly China.com) announced its results for the quarter ended 31st March 2019. The company reported total revenues of US$3.2 million in the quarter, representing growth of 61% compared with the first quarter of 2018. Sino Splendid posted a net profit of US$170,000 in the quarter, compared with a loss of US$1.1 million in 2018. Earnings per share in the period were HK$0.0035 (US$0.0004).
Sino Splendid attributed the revenue increase to the growth of its Travel Media Business. Its Travel Media Business’ revenues rose 78% year-on-year, reaching US$2.3 million and accounting for 71% of Sino Splendid’s total revenues. The remaining revenues were generated from its financial magazine business (US$674,000) and its money lending business (US$243,000).