Thursday, April 30, 2015

Netsun’s Q1 revenue down 18%, 2014 revenue down 20%

News this week: Shenzhen-listed online sourcing platform, Zhejiang Netsun, released its financial results for the quarter ended 31st March 2015. The company reported revenues of US$5.7 million, down 18% from the same quarter of last year. The company did not comment on the decrease in revenue. Net profit attributable to shareholders in the quarter dropped 19% year-on-year, to US$1.4 million. Earnings per share in the period were RMB 0.04 (US$0.0065).

For the financial year ended 31st December 2014, the Hangzhou-based company generated revenues of US$25.8 million, down 20% compared with 2013. Net profit attributable to shareholders in the year was US$5.4 million, up 1.3% from the previous year. Earnings per share in 2014 were RMB 0.16 (US$0.0258).

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