Netsun’s profit jumps 94% in Q3

Hangzhou, 25th October: Earlier this week, Zhejiang Netsun, an online information provider in China, announced its financial results for the quarter ended 30th September 2017. Revenues in the quarter were US$13 million, a year-on-year increase of 13%. Net income jumped 94% in the same period, amounting to US$978,000.

For the nine months ended 30th September, Shenzhen-listed Netsun’s revenues were US$40 million, up 30% year-on-year. Net income in the first nine months of 2017 increased 26%, reaching just over US$3 million.

Earnings per share for the nine-month period were RMB 0.08 (US$0.012). Management attributed the strong performance to growth in its chemical trading business.

Source: Zhejiang Netsun result announcement (Chinese)