Hong Kong, 31st March: Hong Kong-listed Sino Splendid (formerly China.com) recently announced its full year results for the year ended 31st December 2019. The company reported revenues of US$14 million, an increase of 14% year-on-year. The company narrowed its net loss in 2019 down to US$342,000, compared with a loss of US$3.7 million in the previous year.

More than 71% of Sino Splendid’s revenues were generated from its Travel Media Business, amounting to US$9.9 million. That represents year-on-year growth of 8%. The remaining revenues were generated by Sino Splendid’s financial magazine business (US$3.5 million) and its money lending business (US$393,000).