Friday, May 22, 2015
News this week: Hong Kong-listed Sino Splendid (formerly China.com) has reported its first quarter results ended 31st March 2015. Revenues were US$1.7 million, growing 14% from last year. The company attributed the growth in revenue to the increase from print advertising. Profit in the quarter was US$114,000, more than triple last year’s US$31,000. Earnings per share in the period were HK$0.0014.
The travel media business, TTG, posted a positive result in the quarter due to steady growth of revenues within the overall business. Company management highlighted TTG Travel Trade Publishing completing various print publication special projects, as well as the confirmation of several advertising contracts for TTG Guides & Maps Publishing.