’s profits jump 231% in first half

Nanjing, 26th August: Earlier this week, Shenzhen-listed Focus Technology, which owns and operates B2B trading platform,, announced its financial results for the six months ended 30th June 2019. Revenues were US$70 million, a year-on-year increase of 18%.

Net income in the first half jumped 231% compared to the previous year, reaching US$16 million. Diluted earnings per share in the first six months of 2019 were RMB 0.47 (US$0.068). The company attributed the increase to a rise in membership fees collected in the first half.