Youzu Net Profit Down 20.56% In First Three Quarters Of 2020

Youzu.com, a Chinese language on-line recreation firm, not too long ago launched its monetary report, stating that through the first three quarters of 2020, the corporate’s working income was CNY3.724 billion, a year-on-year improve of 40.95%; and its internet revenue attributable to shareholders of listed firms was CNY560 million, a year-on-year lower of 20.56%.

In the meantime, Youzu’s working income within the third quarter was CNY1.207 billion, a year-on-year improve of 32.35%; and its internet revenue attributable to shareholders of listed firms was CNY65.505 million, a year-on-year lower of 78.03%.

Youzu mentioned that because of the launch of numerous abroad merchandise and the great efficiency of home merchandise, the corporate’s total income maintained fast progress. Nevertheless, as a result of firm’s centralized promotion of three abroad merchandise within the third quarter, its internet revenue on this interval was comparatively low.