Friday, February 27, 2015

Mega Expo’s interim revenue down 10%

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.

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