Hong Kong, 12th August: Last week, Hong Kong-listed company Sino Splendid (formerly China.com) announced its results for the six-month period ended 30th June 2022. Revenues in the period were US$4.8 million, representing a year-on-year increase of 43%. However, the company posted a loss of US$2.6 million in the first half of 2022 compared with a loss of US$1.4 million during the same period in 2021.

More than 75% of Sino Splendid’s revenues were generated from its financial magazine & other media business, amounting to US$3.6 million. This figure is up 65% year-on-year. Its second largest business, the travel media business, generated revenues of US$718,000, which accounted for 15% of total revenues. The travel media business jumped 60% compared with last year. The remaining revenues were generated from Sino Splendid’s virtual reality business (US$408,000) and oddly, the company’s very small “money lending” business (US$69,000).