News this week: Earlier this week, Hong Kong-listed China.com
announced its results for the six months ended 30th June 2012.
China.com is the owner of TTG
Media, a B2B media group serving the travel trade in Asia. Revenues
were US$5.7 million, up 4% compared with the first half of 2011.
The company also
reported a profit of US$870,000 from the segment – an increase of 8% from H1
last year. Management attributed the increase to two successful trade shows (ASEAN Tourism Forum and IT&CM China) organised in January and
April.
Overall H1 revenues at
China.com were US$8.7 million, up 7% compared to the same period last year. TTG
accounted for about 66% of China.com’s revenues in the first half, while other
revenues were generated from China.com’s Internet portal business.
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