Friday, April 25, 2014 revenue and profit rise in 2013

News this week: Earlier this week, Shenzhen-listed Focus Technology, the operator of, released its financial results for the year ended 31st December 2013. Revenues were US$84 million, a year-on-year increase of 14%. Net income attributable to shareholders in the year was also up 11%, reaching US$23 million. Diluted earnings per share were RMB 1.18 (US$0.19) in 2013.

The Nanjing-based company generated the majority of its revenues through its online sourcing platform, About half of those revenues were generated from membership fees, amounting to US$40 million. The company’s “Audited Supplier Services” generated 20% of total revenues, or US$17 million, while their other value-added services generated US$15 million – 18% of total revenues.

As of 31st December 2013, had 13,417 registered members. The majority of them (12,936) were registered on its flagship English-language site compared with only 481 members on its Chinese site.

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