Meorient’s revenues and profits down in Q3

Hangzhou, 23rd October: Meorient, a Shenzhen-listed exhibition organiser, has announced its financial results for the quarter ended 30th September 2020. The group’s revenues were US$6.6 million, down 51% year-on-year. The company’s net profit in the quarter fell 66%, down to just US$481,000.

The company also reported its financial results for the nine months ended 30th September. Revenues in the nine-month period were US$9.3 million, a decrease of 76% year-on-year. Meorient recorded a net loss of US$7.5 million compared with a profit of US$3.7 million in the same period in 2019.