99 Wuxian Limited (ASX:NNW) says its June quarter continued to outperform and deliver growth in all key performance indicators.
The Chinese focussed mobile commerce company operates a mobile online marketplace in China for banks and merchants.
Over the quarter registered users grew almost 50 per cent, gross transaction value jumped 190 per cent and the number of transactions lifted almost 18 per cent. The average value of transactions soared almost 150 per cent while the platform’s revenue saw a 53 per cent increase.
99 Wuxian says it remains focussed on acquiring high quality users who are expected to incur strong annuity-like expenditure as mobile commerce evolves in China.
99 Wuxian announced a net profit of almost half a million dollars for the period ended on December 31, 2013.
