Zhejiang Netsun, an online industrial information provider in China, announced its financial results for the quarter ended 30th September 2016. Revenues increased 65% year-on-year, reaching US$12 million. Net income in the quarter was US$506,000, down 19%.
For the nine months ended 30th September, Netsun’s revenues were US$31 million, up 70% year-on-year. Its net income for the first nine months decreased 25%, down to US$2.4 million. Earnings per share for the nine-month period were RMB 0.06 (US$0.0090). Management of the Shenzhen-listed company did not comment on the key drivers impacting its financial performance in the first nine months of the year.
Source: Business Strategies Group Hong Kong – www.bsgasia.com