Zhejiang Netsun, reported revenues of 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).
Source: Business Strategies Group Hong Kong – www.bsgasia.com