News this week: Hong Kong-listed Sino Resources Group, formerly Kenfair International, has released its
results for the year ended 31st March 2012. The company posted
revenues of US$18 million, up 66% from the previous year. Losses for the year
were US$4.9 million, compared with US$4.4 million recorded in 2011.
Just over half of the
company’s revenues were generated from exhibitions business, which amounted to
US$8.9 million or a 16% year-on-year decrease. The company’s management
highlighted the success of the Mega
Show Part 1 and Part 2 during
October 2011 in Hong Kong, but also the temporary termination of the London Asia Expo this year. The company’s
remaining revenues were generated from the coal trading business.
The company expects new
business segments to become its main revenue source in the future.
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