Shanghai, 31st October: Shanghai Lansheng, the Shanghai-listed exhibition organiser and conglomerate, has released its results for the nine months ended 30th September 2020. The company generated revenues of US$294 million, a year-on-year decrease of 21%. Net profit in the period also dropped falling 65%, down to US$8.4 million. Diluted earnings per share in the first nine months of the year were RMB 0.14 (US$0.021).

Meanwhile, Shanghai Lansheng also announced its results for the quarter ended 30th September. Revenues in the quarter were US$101 million, a decrease of 30% compared with the same quarter in 2019. The company recorded a net profit of US$7.3 million, compared with a loss of US$331,000 in the third quarter last year.