Hong Kong, 31st August: Last week, SEEC Media Group, a Hong Kong-listed media company, announced its financial results for the first half of 2022. Revenues in the six-month period were just US$4.1 million, a decrease of 12% year-on-year. The company also posted a loss of US$3.8 million in the first half of 2022, compared with a loss of US$2.7 million in the same period last year.

Almost 40% of SEEC’s total revenues were generated through its advertising services & sales of books & magazines (US$1.6 million). This segment fell 16% year-on-year. SEEC’s next largest segment, securities broking services, generated revenues of US$1.0 million and accounted for about 25% of total revenues. This segment posted a decrease of 21% compared with the previous year.