Sino Splendid narrows losses in first half of 2023

Hong Kong, 11th August: Last week, Hong Kong-listed company Sino Splendid (formerly China.com) released its results for the six months ended 30th June 2023. Revenues during the period were US$2.4 million, representing a year-on-year decrease of 49%. However, the company narrowed its losses from US$2.6 million in the first half of 2022, down to a loss of US$1.7 million in the first half of this year.

In terms of business segments, more than 88% of Sino Splendid’s revenues were generated by its financial magazine & other media business, amounting to US$2.2 million – down 40% year-on-year. The remaining revenue was generated by its travel media business (US$204,000 – down 72% year-on-year), and money lending business (US$70,000 – on par with the previous year).