Hong Kong, 31st August: SEEC Media Group, a Hong Kong-listed media company, recently announced its financial results for the first half of 2020. Revenues in the six-month period were just US$4.8 million, an increase of 3.7% year-on-year. The company reduced its loss from US$6.5 million in the first half of the previous year, down to US$4.4 million in the first half of 2020.

Provision of advertising services was its largest source of income, amounting to US$1.7 million, which represents 35% of SEEC’s total revenues. This segment dropped 8.3% year-on-year. The next largest segment, money-lending business, generated revenues of just over US$1 million and accounted for 22% of total revenues. This business segment grew 27% compared to the previous year.