Netsun Q3 2016 Revenue Up 65%

Posted by Joachim Bartels | Nov 16, 2016 | China, Directories, Online Media - Buyer - Seller Platforms, Zhejiang Netsun Co. Ltd. | 0 |

Zhejiang Netsun, an online industrial information provider in China, announced its financial results for the quarter ended 30^th 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 30^th 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

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.