Chinese for 9 months increased its net profit 2.2 times


Chinese company, which sells on the Internet, following the results of 9 months to September, reported a net profit growth by 2.2 times compared with the same period a year earlier to 2 billion 76 million yuan. Net revenue was 327 billion 187 million yuan, up 30% over the year. The company also reported its quarterly results. In the third quarter, its net profit increased 2.9 times in annual terms to 2 billion 876 million dollars. Revenues reached 104 billion 700 million yuan, its growth was 25%. CFO Sidney Huang noted that good financial results were achieved by improving customer service and investing in leading technologies.

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