Sino Resources Group Reduces Loss
Hong Kong-listed Sino Resources Group, formerly Kenfair International, has released its results for the year ended March 31. The company posted a turnover of $11 million, down 5.7 percent from 2010’s figure. Losses attributed to shareholders this year were greatly reduced from a loss of $108 million in 2010 to $4.4 million this year.
All revenues were reported to have been generated from the company’s exhibitions business. In particular, more than 90 percent ($9.8 million) came from the Mega Show Part 1 and Part 2 held in October 2010 in Hong Kong. The remaining revenues ($828,000) were from Kenfair’s London Asia Expo in January.
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