News this week: Last week, trade show organiser Mega
Expo Holdings Limited
announced its interim result for the six-month period ending 31st December
2014. The company generated revenues of US$23 million, a year-on-year decrease
of 10%. Net profit during the period was US$5.6 million, flat against the same
period in 2013. Diluted earnings per share in the period were HK$0.2075 (US$0.027).
According to the
company, the majority of its revenues were generated from the organising of
exhibitions, which dropped by 10% to US$22 million. The company’s remaining
revenues were generated from exhibition-related services and ancillary
services.
The company’s
management attributed the drop in revenue to the end of a co-operation
agreement for the Asia Expo-Singapore and Fujian Commodities
Expo-Singapore, as well as competition
from other exhibition organisers.
This post is excerpted from BSG's weekly e-newsletter
which is part of our subscription research service, BSG Tracker. Visit our website
to find out more about this service. You can also follow us on Twitter
for all the latest updates.
No comments:
Post a Comment