News this week: Shenzhen-listed online sourcing
platform, Zhejiang Netsun, announced its financial results for the quarter
ended 30th September 2012. Revenues were US$5.4 million, down 5.6%
over the same quarter in 2011. The company posted a profit attributable to
company shareholders of US$1.4 million, a year-on-year jump of 33%.
The Hangzhou-based
company also released its results for the nine months ended 30th September.
Revenues in the period were US$18 million, which is an increase of 3.7%
compared with the first nine months of 2011. Profit attributable to company
shareholders in the nine-month period was US$4.8 million, up by 13% from the
same period last year. Earnings per share in the first nine months of the year
were RMB 0.19 (US$0.0302).
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