Sino Splendid up 26% in revenues

Hong Kong, 11th November: Earlier this week, Hong Kong-listed Sino Splendid (formerly China.com) announced its financial results for the nine months ended 30th September 2022. Revenues in the period were US$6.9 million, a 26% increase compared with the same period of last year. However, the company posted a net loss of US$2.4 million in the period, compared with a loss of US$2.2 million in the first nine months of 2021.

Sino Splendid attributed the revenue growth to strong performance from its financial magazine business where revenues were up 57% year-on-year. More than 78% of Sino Splendid’s revenues were generated from its financial magazine & other media businesses amounting to US$5.4 million.