Netsun’s profit grows 103% in first half

Hangzhou, 28th August: Earlier this week, Shenzhen-listed Zhejiang Netsun reported revenues of US$31 million for the six months ended 30th June 2018. This represents a year-on-year increase of 16%. Profits in the period increased impressively of 103%, reaching US$4.2 million.

Diluted earnings per share in the first half of 2018 were RMB0.11 (US$0.017). According to Netsun’s management, the positive performance was primarily driven by an increase in revenues at its chemical trading business unit.