Friday, August 30, 2013

Netsun revenue jumps 50% in first half

News this week: Zhejiang Netsun, a Shenzhen-listed online sourcing platform, has announced its results for the first half of 2013. For the six months ended 30th June, revenues were US$20 million, a significant growth of 50% over the first half of 2012. However, net profit attributable to shareholders in the period dropped 7.5% to US$3.2 million. Earnings per share in the first half were RMB 0.12 (US$0.0196).

Internet services generated about US$11 million, which accounted for 53% of total revenues. The company’s chemical trading services, the second largest business segment, generated revenues of US$7.9 million – 40% of total revenues. The remaining revenues were generated from the exhibition services, which accounted for US$1.3 million.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

No comments: