Friday, October 31, 2014

Netsun’s net income up 10% in Q3

News this week: Shenzhen-listed online sourcing platform, Zhejiang Netsun, announced its financial results for the quarter ended 30th September 2014. Revenues were US$5.9 million, representing an 11% decrease over the same period in 2013. The Hangzhou-based company posted a net profit of US$1.5 million, a 10% rise compared with the third quarter of 2013.

Netsun also released its results for the nine months ended 30th September. Revenues amounted to US$20 million, a drop of 23% compared with the first nine months of 2013. Net profit was US$4.8 million, a 4% increase over the same period last year. Earnings per share were RMB 0.14 (US$0.0228).

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