Netsun posts strong performance in Q1

Hangzhou, 28th April: Shenzhen-listed Zhejiang Netsun reported revenues of US$13 million for the three-months ended 31st March 2017. Revenues jumped 91% compared to the same quarter last year. The company stated that the strong performance of its chemical industry online platform in China was largely responsible the increase in revenues.

The Hangzhou-based company posted a net profit of US$943,000 in the quarter, up 9.3% over the same quarter last year. Diluted earnings per share in the period were RMB 0.03 (US$0.0044).

Source: Netsun announcement (Chinese)