Hangzhou, 27th April: This week, Shenzhen-listed Zhejiang Netsun released its year-end financial results for 2018. Revenues in the year were US$61 million, up 16% over the 2017 figure. Meanwhile, its net profit grew 82% year-on-year, reaching US$5.1 million. Diluted earnings per share in the year were RMB 0.14 (US$0.0204).
The Hangzhou-based company also announced its results for the quarter ended 31st March 2019. Revenues increased by 8.6% in the same period in 2018, amounting to US$12 million. However, its net profit dropped 21% year-on-year, down to US$1.5 million. Diluted earnings per share in the period were RMB 0.04 (US$0.0060).