Friday, November 21, 2014

TTG’s revenues up 28% in Q3, profits fall

News this week: Last week, Hong Kong-listed Sino Splendid (formerly reported its results for the quarter ended 30th September 2014. TTG Media, a subsidiary focused on the travel media segment, recorded revenues of US$3.1 million – an increase of 28% compared to the same period in 2013. Net income in the quarter was down 48% to US$378,000.

Sino Splendid also released results for the nine months ended 30th September. Revenues during this period were US$7 million, a 17% decrease from the same period in 2013. The company recorded a net loss of US$464,000 during the nine-month period.

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