Asia
Hundsun Technologies' Profit More Than Quadruples in Q1; Revenue Slides 12%
Hundsun Technologies' (SHA:600570) attributable profit skyrocketed 343% to 138.8 million yuan in the first quarter from 31.3 million yuan a year earlier.Earnings per share at the financial software developer almost quadrupled to 0.07 yuan from 0.02 yuan, according to a Thursday filing with the Shanghai bourse.Operating income declined 12% year over year to 905.3 million yuan from 1.03 billion yuan due to lower revenue from wealth technology services, corporate banking, insurance core and financial infrastructure technology services.
SHA:600570