Mega Expo’s revenues fall in first half

Hong Kong, 23rd February: Last week, Mega Expo, formerly known as Kenfair, a Hong Kong-based exhibition organiser, reported its interim results for the six months ended on 31st December 2017. The company reported revenues of US$9.4 million, down by 20% year-on-year. However, Mega Expo posted a net profit of US$5.8 million in the six-month period, compared with a loss of US$1.5 million in the previous year. Earnings per share for the half year were HK$0.0328 (US$0.0042).

More than 75% of Mega Expo’s revenues were generated from its exhibition organising business, amounting US$7.1 million. This represents a decrease of 40% year-on-year. The remaining revenues were generated through its brand management services (US$2.2 million).