Hong Kong, 9th August: Earlier this week, Hong Kong-listed company Sino Splendid (formerly China.com) released its results for the six-month period ended 30th June 2021. Revenues in the first half were US$3.4 million, a year-on-year increase of 33%. The company posted a loss of US$1.4 million over the reported period, compared to a loss of US$1.3 million during the same period in 2020.

More than 65% of total revenues were generated from its financial magazine & other media business, amounting to US$2.2 million. This represents growth of 138% year-on-year. Sino Splendid’s second largest business, new securities investment, generated revenues of US$625,000, which accounted for 18% of total revenues. The travel media business accounted for 13% of total revenues at US$454,000. The travel media business dropped 70% compared to the same period last year. The remaining revenues were generated from its money lending business (US$70,000) and virtual reality business (US$30,000).