Hangzhou, 30th October: Newly-listed Meorient, a Hangzhou-based exhibition organiser, announced its financial results for the quarter ended 30th September 2019. Revenues were US$13 million, representing an increase of 11%. The company’s net profits in the quarter also grew by 11% reaching US$1.4 million.

The Shenzhen-listed company also reported its financial results for the nine months ended 30th September. Revenues in the nine-month period were US$36 million, representing growth 8.1% year-on-year. Net profits were US$3.7 million, up 5.6% compared with the same period in 2018. Diluted earnings per share for the first nine months of 2019 were RMB 0.35 (US$0.049).