ReTech Technology Co., Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018
August 30, 2018 at 04:34 am
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ReTech Technology Co., Limited reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company Revenue from ordinary activities was RMB 48,644,976 against RMB 40,099,151 a year ago. Profit from ordinary activities after tax attributable to members of the Company was RMB 17,390,147 against RMB 11,768,726 a year ago. Net profit attributable to members of the Company was RMB 17,390,147 against RMB 11,768,726 a year ago. Net tangible assets per security was 82.95 cents against 54.72 cents a year ago. Profit before income tax was RMB 20,364,447 against RMB 15,797,396 a year ago. Profit and total comprehensive income for the period was RMB 17,042,887 against RMB 11,336,604 a year ago. Diluted Earnings per share for profit attributable to the owners of the Company during the period was 7.13 cents against 6.43 cents a year ago. Net cash flows used in operating activities was RMB 9,366,846 against RMB 11,030,245 a year ago. Purchase of equipment was RMB 48,276. Purchase of intangible assets was RMB 668,644.
Retech Technology Co Ltd is an investment holding company. It provides technology solutions to, and builds e-learning platforms and e-courseware for large companies, government and social organizations, and training providers, enabling them to deliver their offline training content online through multiple channels, including the Internet, mobile and social media platforms. It delivers solutions via three channels. E-Learning Solutions helps large companies, organizations and institutions to design and build e-learning platforms, and e-courseware that enables Retech to deliver their existing training content online. E-Training Partnership works with training and learning content providers to create e-learning platforms and digital content that is then sold to clients. E-Course Direct is Retech's planned cloud center designed to sell off- the-shelf, E-Courseware directly to the clients and partner with Retech's existing customers to distribute E-Courseware on their platforms.
RETECH TECHNOLOGY 
