Cninsure Inc. Earnings Drop 23% In Q3

(RTTNews) - Cninsure Inc. (CISG) revealed a profit for third quarter that declined compared to the same period last year.

The company said its bottom line fell to RMB32.09 million, or RMB0.55 per share. This was down from RMB41.88 million, or RMB0.73 per share, in last year's third quarter.

The company said revenue for the quarter rose 66.3% to RMB1192.24 million. This was up from RMB716.74 million last year.

Cninsure Inc. earnings at a glance:

-Earnings (Q3): RMB32.09 Mln. vs. RMB41.88 Mln. last year. -Earnings Decline (Y-o-Y): -23.4% -EPS (Q3): RMB0.55 vs. RMB0.73 last year. -EPS Decline (Y-o-Y): -24.7% -Revenue (Q3): RMB1192.24 Mln vs. RMB716.74 Mln last year. -Revenue Change (Y-o-Y): 66.3%