DLG Exhibitions’ revenues down 3.3%

Shanghai, 26th October: DLG Exhibitions & Events (formerly known as Shanghai Lansheng), a Shanghai-listed exhibition organiser and conglomerate, has released its results for the nine months ended 30th September 2024. The company generated revenues of US$133 million, representing a year-on-year decrease of 3.3%.

The company posted a decline of 17% in its net profit, down to US$29 million in the first nine months of 2024. Diluted earnings per share in the nine-month period were RMB 0.28 (US$0.040).

In the reported period, the company hosted and organised a total of 17 exhibitions occupying a scale of over 1.01 million m2. The Shanghai World Expo Exhibition and Convention Center, the venue operated by DLG, held some 65 exhibitions and events, with a total rental area of over 8 million m2.

During the third quarter, the company has transferred 4 shares for every 10 shares to all shareholders from the capital reserve, following the approval of the “2024 Annual Profit Distribution and Capital Reserve Transfer Plan (translated name)”.

DLG also announced its financial results for the quarter ended 30th September. Revenues in the quarter were US$49 million, dropping 14%. However, the net profit grew 143% in the quarter, amounting at US$17 million.