Friday, November 01, 2013

Netsun’s revenue up 20% in Q3

News this week: Another Shenzhen-listed company, Zhejiang Netsun, also announced its financial results for the quarter ended 30th September 2013. Netsun’s revenues were US$6.7 million, up 20% over the same quarter last year. Profit attributable to company shareholders for the quarter was US$1.4 million, down 4.8% year-on-year as a result of increased operating expenses.

The Hangzhou-based online sourcing platform also released its results for the nine months ended 30th September. Revenues in the period were US$27 million, a jump of 42% year-on-year. Profit attributable to company shareholders in the nine-month period was US$4.6 million, down by 6.7% from the same period last year. Earnings per share in the first nine months of 2013 were RMB 0.17 (US$0.0278).

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