Friday, October 26, 2012

Made-in-China.com revenues up, profits down


News this week: Shenzhen-listed Focus Technology, the operator of Made-in-China.com, has released its results for the quarter ended 30th September 2012. Revenues were US$18 million, an increase of 6.1% over the same quarter in 2011. However, the company’s net income dropped 26% year-on-year in the quarter, amounting to US$5.4 million. Dilute earnings per share in the period were RMB 0.29 (US$0.046).

The Nanjing-based company also reported its results for the nine months ended 30th September. Revenues in the period were US$53 million, which grew 8.0% over the same period last year. Net income attributable to company shareholders in the nine-month period was US$15 million, declining 22% year-on-year. Diluted earnings per share were RMB 0.79 (US$0.13) in the first nine months of 2012.

As of 30th September 2012, Made-in-China.com had 12,754 registered members. The company’s flagship English-language site featured most of its members (12,095), while the remaining 659 members registered on the Chinese site.

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