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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • NINE - Ninetowns Internet Technology: 2012 Operating Revenue Increases 20 Percent YoY 0 comments
    Apr 25, 2013 2:43 AM | about stocks: NINE

    Prepared by ChinaScope Financial | Source:Imeigu

    • Ninetowns Internet Technology Group (NINE: NASDAQ) announced that company net operating revenue for the second half of 2012 increased 7 percent year-on-year (YoY) to USD 7.5 million. Company net profit was USD 2.1 million, a turnaround from a net loss of USD 300,000 recorded in the second half of 2011.


    • In 2012, company net operating revenue increased 20 percent YoY to USD 14.5 million, and company net profit was USD 11 million, an improvement compared with a net profit of USD 600,000 recorded in 2011.


    • Ninetowns Internet Technology specializes in the provision of online solutions for international trade and has a market share in China of approximately 90 percent.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: NINE
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