Friday, November 02, 2012

Netsun Q3 profit jumps 33%


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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