Hangzhou, 25th August: Last week, Shenzhen-listed Zhejiang Netsun reported revenues of US$26 million for the six months ended 30th June 2017. This represents a year-on-year increase of 39%. Profits in the period were US$2.0 million, representing growth of 8.2% compared to the same period in 2016.
Diluted earnings per share in the first half of the year were RMB0.05 (US$0.0074). According to Netsun’s management, the positive performance was primarily driven by an increase in revenues at its chemical trading business unit.