News this week: Hong Kong-listed Sino Splendid
(formerly China.com) has reported its first quarter results – which ended 31st
March 2014. Revenues from continuing operations – travel media business, TTG, were US$1.5 million, representing a 51%
drop compared with last year. The company attributed the decline in revenue to
a decrease in event organising revenue related to its event management contract
of the ASEAN Tourism Forum (ATF) 2014.
Profit attributable to owners of the company in the quarter
was US$31,000, down from US$613,000. Diluted earnings per share in the period
were HK$0.0004.
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