Friday, May 23, 2014

TTG’s revenue drops 51% in Q1

News this week: Hong Kong-listed Sino Splendid (formerly 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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