News this week: Shenzhen-listed Focus Technology, operator of Made-in-China.com, released its
results for the six months ended 30th June 2013 last week. Revenues were US$41 million, up 12%
year-on-year. Profit in the
first half was US$10 million, a
6.0% increase compared with the same period last year. Diluted earnings per
share during the period were RMB 0.53
(US$0.086).
The majority of Focus Technology’s revenues were generated
through the operation of its online sourcing platform Made-in-China.com.
Membership fees generated US$19
million or 47% of total
revenues, while the company’s “Audited Supplier Services” accounted for US$8.9 million or 22% of total revenues. Its value-added services segment generated 17% of total revenues (US$7.0 million).
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