Hong Kong, 9th November: Earlier this week, Hong Kong-listed Sino Splendid (formerly China.com) announced its financial results for the nine months ended 30th September 2021. Revenues in the period were US$5.5 million, a 59% increase over the same period in 2020. However, the company posted a net loss of US$2.2 million in the nine-month period, compared with a loss of US$1.5 million in the first nine months of 2020.

The company attributed the increase in revenues to the financial magazine business, and the increase in loss to rising expenses. According to the company, the travel media business (TTG) was still seriously affected by the COVID-19 pandemic due to continuing international travel and immigration restrictions.