News this week: Shenzhen-listed
online sourcing platform, Zhejiang
Netsun, released its financial results for the quarter ended 31st March 2014. The company reported
revenues of US$6.9 million, down 17% from the same quarter of last year. The company did not comment on the decrease of revenue. However, net
profit attributable to shareholders in the quarter grew 8.0% year-on-year, to US$1.7 million. Earnings per share in the period were RMB 0.07
(US$0.011).
The Hangzhou-based
company generated revenues of US$33 million in the year of 2013, an increase of
24% from 2012. Net profit attributable to shareholders in the year was US$5.4
million, down 9.0% from the previous year. Earnings per share in 2013 were RMB
0.20 (US$0.033).
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