Hong Kong, 10th August: Earlier this week, Hong Kong-listed Sino Splendid (formerly China.com) released its results for the six-month period ended 30th June 2020. Revenues in the first half were US$2.5 million, a year-on-year decrease of 59%. The company recorded a loss of US$1.3 million, compared with a loss of US$638,000 in the same period in 2019.

More than 58% of its total revenues were generated from its travel media business segment, amounting to US$1.5 million. This represents a decrease of 68% compared with last year’s figure. Its financial magazine business generated revenues of US$932,000, accounting for approximately 37% of total revenues. The financial magazine business fell 25% in the period. Remaining revenues were generated from its money lending business (US$99,000) and its new virtual reality business (US$23,000).