Hangzhou, 25th October: Chinese Online information provider, Zhejiang Netsun, recently announced its financial results for the quarter ended 30th September 2018. Revenues in the quarter were US$17 million representing growth 38% year-on-year. However, net income dropped 42%, down to US$549,000.
For the nine months ended 30th September, Shenzhen-listed Netsun generated revenues of US$47 million - a year-on-year increase of 23%. Net income in the period jumped 56%, reaching US$4.6 million. Earnings per share for the nine-month period were RMB 0.12 (US$0.017).
Netsun’s management did not offer any information on the key growth drivers or guidance on expected future performance.