News this week: Shenzhen-listed Focus
Technology, the operator of Made-in-China.com, has released its results for the quarter ended 30th September
2014. Revenues were US$21 million, down 5% from the same quarter last year. Net
income in the quarter was US$3.6 million, a drop of 44% compared with the same
period in 2013.
The company also reported its results for the nine months ended 30th
September. Revenues in the period were US$64 million, an increase of 2% over
the 2013 figure. Net income was US$15 million, a 12% year-on-year increase. The
company attributed the drop in revenues and profit to uncertainties facing the
recovering global economy and rising operational costs. Diluted earnings per
share were RMB 0.80 (US$0.13) in the first nine months of 2014.
As of 30th September 2014, Made-in-China.com had 13,275
registered members, of which 12,550 were registered on the company’s flagship English
language site and just 725 on its Chinese site.
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