Sino Splendid narrows loss

Hong Kong, 31st March: Hong Kong-listed Sino Splendid (formerly China.com) has announced its results for the financial year ended 31st December 2024. The company reported revenues of US$3.8 million in the year, down 29% year-on-year. However, the company narrowed its from US$6.3 million in 2023, down to US$3.1 million.

More than 90% of Sino Splendid’s revenues were generated from its financial magazines and other media services, amounting to US$4.9 million, down 18% year-on-year. While its travel media business dropped 84% year-on-year, down to just over US$300,000.

The decrease in revenues was mainly due to the revenue decrease from Financial Magazine and Other Media Business.