Hong Kong, 30th August: Recently, Hong Kong-listed company Sino Splendid (formerly China.com) has released its results for the six months ended 30th June 2024. Revenues during the period were US$2.4 million, representing a year-on-year decrease of 2.4%. The company did manage to narrow its losses from US$1.7 million in the first half of 2023 down to a loss of US$768,000 in the first half of this year.

The company attributed the decrease in revenues to very weak performance of its travel media business, which dropped 85% from last year. In terms of other business segments, more than 96% of Sino Splendid’s revenues were generated by its financial magazine & other media business, amounting to US$2.3 million. The remaining revenue was generated by its money lending business (US$56,000), and its travel media business (US$31,000).