Hangzhou, 27th April: Recently, Shenzhen-listed Zhejiang Netsun released its year-end financial results for 2017. Revenues in the year were US$55 million, up 12% compared with 2016. Meanwhile, net profit grew 52% year-on-year, reaching US$2.9 million. Diluted earnings per share in the year were RMB 0.08 (US$0.012).
The Hangzhou-based company also announced its results for the quarter ended 31st March 2018. Revenues dropped 14% compared with the same quarter in 2017, amounting at US$12 million. However, its net profit recorded a year-on-year increase of 101%, reaching US$2.1 million. Diluted earnings per share in the period were RMB 0.05 (US$0.0080).