Focus Technology, the holding company of, reported its financial results for the year ended 31st December 2016.  Total revenues were US$99 million in 2016, up 38% over the previous year.  However, net profit dropped by 29%, to US$16 million.  Diluted earnings per share in the year were RMB 0.95 (US$0.14).

The company’ management attributed the increase in revenues to: 1) an increase in the number of paid members and related services income; 2) revenues from the newly acquired DOBA, Inc.; and 3) an increase in commission revenues from its subsidiaries. The decrease in Focus Technologies’ net profit was mainly due to the increase in its operational costs.

Source: Business Strategies Group Hong Kong  –