Business Strategies Group

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Sino Splendid posts loss in Q1

Hong Kong, 11th May: Recently, Hong Kong-listed Sino Splendid (formerly China.com) has reported its results for the quarter ended 31st March 2020. Sino Splendid is the owner and operator of the travel media group, TTG.

The company’s total revenues dropped 47% year-on-year, down to US$1.7 million in the quarter. The company posted a net loss of US$244,000 in the quarter, compared with a net profit of US$170,000 in the previous year.