Friday, August 23, 2013’ revenues rise 12%

News this week: Shenzhen-listed Focus Technology, operator of, released its results for the six months ended 30th June 2013 last week. Revenues were US$41 million, up 12% year-on-year. Profit in the first half was US$10 million, a 6.0% increase compared with the same period last year. Diluted earnings per share during the period were RMB 0.53 (US$0.086).

The majority of Focus Technology’s revenues were generated through the operation of its online sourcing platform Membership fees generated US$19 million or 47% of total revenues, while the company’s “Audited Supplier Services” accounted for US$8.9 million or 22% of total revenues. Its value-added services segment generated 17% of total revenues (US$7.0 million).

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