Friday, October 31, 2014

Revenue and profit down for

News this week: Shenzhen-listed Focus Technology, the operator of, has released its results for the quarter ended 30th September 2014. Revenues were US$21 million, down 5% from the same quarter last year. Net income in the quarter was US$3.6 million, a drop of 44% compared with the same period in 2013.

The company also reported its results for the nine months ended 30th September. Revenues in the period were US$64 million, an increase of 2% over the 2013 figure. Net income was US$15 million, a 12% year-on-year increase. The company attributed the drop in revenues and profit to uncertainties facing the recovering global economy and rising operational costs. Diluted earnings per share were RMB 0.80 (US$0.13) in the first nine months of 2014.

As of 30th September 2014, had 13,275 registered members, of which 12,550 were registered on the company’s flagship English language site and just 725 on its Chinese site.

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