Mega Expo’s Posts a Loss of US$2.2 mil
Mega Expo, formerly known as Kenfair, a Hong Kong based exhibition organiser, reported its interim results for the six months ended on 31st December 2015. The company reported revenues of US$19.7 million, down by 15%.
The large drop pushed Mega Expo into a net loss position. The company reported a loss of US$2.2 million, down from a profit of US$5.6 million in the same period last year.
The majority of its income came from exhibition organising which fell by 11% to US$19.6 million. Revenue from exhibition services dropped by almost 90% to US$354,000.