Friday, May 11, 2012

TTG’s Q1 results flat

News this week: Hong Kong-listed reported its first quarter results this week. TTG Media, a 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 were US$4.3 million, up 5.1% compared to the same quarter last year. TTG accounted for about 69% of’s revenues in the first quarter, while other revenues were generated from’s Internet portal business.

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