Meorient reduces loss in Q1

Hangzhou, 29th April: Last week, Meorient, one of the few publicly-traded exhibition organisers in China, released its results for the quarter ended 31st March 2022. Revenues increased by 12% year-on-year, reaching US$4.6 million.

The company posted a net loss of US$2.7 million in the three-month period, compared with a net loss of US$2.8 million in the first quarter in 2021. Management did not comment on the increase in revenues.