News this week: Shenzhen-listed online sourcing platform, Zhejiang
Netsun, announced its financial results for the
quarter ended 30th September 2014. Revenues were US$5.9 million,
representing an 11% decrease over the same period in 2013. The Hangzhou-based
company posted a net profit of US$1.5 million, a 10% rise compared with the
third quarter of 2013.
Netsun also released its results for the nine months ended 30th
September. Revenues amounted to US$20 million, a drop of 23% compared with the
first nine months of 2013. Net profit was US$4.8 million, a 4% increase over
the same period last year. Earnings per share were RMB 0.14 (US$0.0228).
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