’s revenues drop 12% in Q1

Nanjing, 24th April: Focus Technology, the holding company that owns and operates, has reported its financial results for the quarter ended 31st March 2018. Total revenues were US$30 million in the quarter. That represents a year-on-year decrease of 12%.

In the same period, the Shenzhen-listed company posted a decline of 15% in its net profits, down to US$1.5 million in the first quarter of 2018. Diluted earnings per share in the period were RMB 0.04 (US$0.0064). Focus Technology did not comment on the reasons for the decline in either revenues or profits.