News this week: Shenzhen-listed online sourcing
platform, Zhejiang Netsun, released its financial results
for the quarter ended 31st March 2015.
The company reported revenues of US$5.7 million, down 18% from
the same quarter of last year.
The company did not comment on the decrease in
revenue. Net profit attributable to shareholders in the quarter dropped 19% year-on-year, to US$1.4 million. Earnings per share in the period were RMB 0.04 (US$0.0065).
For the financial
year ended 31st December 2014, the Hangzhou-based company generated revenues of
US$25.8 million, down 20% compared with 2013. Net profit attributable to
shareholders in the year was US$5.4 million, up 1.3% from the previous year.
Earnings per share in 2014 were RMB 0.16 (US$0.0258).
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