IReader Technology Net Profit Up 53.75% In First Three Quarters Of 2020

IReader Expertise not too long ago launched its efficiency report for the third quarter of 2020, stating that throughout the first three quarters of 2020, the corporate’s working income was about CNY1.495 billion, a year-on-year improve of seven.83%; its web revenue was about CNY166 million, a year-on-year improve of 53.75%; and its fundamental earnings per share had been CNY0.41, a year-on-year improve of 51.85%.

In the meantime, the web money movement from the working actions of IReader Expertise within the first three quarters was about CNY246 million, up 120.52% in contrast with the identical interval of final 12 months. The corporate mentioned that it was primarily contributed by the great affect of enterprise scale development and operation optimization.

The report confirmed that the corporate’s monetary expense decreased by 34.93% year-on-year throughout the reporting interval, primarily because of the complete affect of change positive factors and losses and curiosity earnings. Its funding earnings decreased by 31.63% from the identical interval final 12 months, primarily because of the disposal of long-term fairness funding final 12 months and no such issues within the reporting interval.

Public info reveals that IReader Expertise focuses on the sector of digital studying, and its major companies are Web digital studying platform providers, together with digital studying fee and industrial value-added providers, and copyright product providers.