Friday, May 11, 2012
News this week: Hong Kong-listed China.com reported its first quarter results this week. TTG Media, a China.com subsidiary focused on the travel media segment, recorded a 1.3% increase in revenues compared to the same period in 2011. Revenues were US$2.9 million. Management claimed revenue from TTG’s management of the ASEAN Tourism Forum (ATF) 2012 in Manado, Indonesia enhanced the performance of the group.
Overall revenues at China.com were US$4.3 million, up 5.1% compared to the same quarter last year. TTG accounted for about 69% of China.com’s revenues in the first quarter, while other revenues were generated from China.com’s Internet portal business.
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