News this week: Zhejiang Netsun, a
Shenzhen-listed online sourcing platform, has announced its results for the
first half of 2013. For the six months ended 30th June, revenues
were US$20 million, a significant growth of 50% over the first half of 2012. However,
net profit attributable to shareholders in the period dropped 7.5% to US$3.2
million. Earnings per share in the first half were RMB 0.12 (US$0.0196).
Internet services generated about US$11 million, which
accounted for 53% of total revenues. The company’s chemical trading services,
the second largest business segment, generated revenues of US$7.9 million – 40%
of total revenues. The remaining revenues were generated from the exhibition
services, which accounted for US$1.3 million.
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