News this week: Shenzhen-listed
online sourcing platform, Zhejiang
Netsun released its financial results for the year 2012. The company reported revenues of US$26 million, up 11% from 2011.
Net profit attributable to shareholders in the year was US$5.8 million, a year-on-year growth of 12%. Earnings per share in the year were RMB 0.22
(US$0.035).
Netsun’s two
largest business segments, information promotion services and online services,
both generated about US$8.0 million, which accounted for 31% of total revenues.
The Hangzhou-based company also announced its results for
the quarter ended 31st March 2013.
Revenues were US$8.3 million –
an increase of 45% compared with the same quarter of
2012. However, net profit attributable to shareholders in the period
dropped 6.4%, down to US$1.6 million. Earnings per share in
the quarter were RMB 0.06 (US$0.0097).
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