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.
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