Sino Splendid reduces its losses

Hong Kong, 8th November: Earlier this month, Hong Kong-listed Sino Splendid (formerly China.com) announced its financial results for the nine-month period ended 30th September 2018. Revenues in the period were US$7.8 million, a year-on-year decrease of 4.1%. The company posted a loss of US$1.4 million, reducing its loss from the US$24 million recorded in the first nine months of 2017.

More than 70% of Sino Splendid’s revenues were generated from its travel media business, amounting to US$5.6 million. This represents a decrease of 7.0% year-on-year. The remaining revenues were generated from Sino Splendid’s finance magazine (US$2.1 million) and a very small amount from its money leading business (US$97,000).