Cninsure Inc. Reveals 70% Increase In Q1 Bottom Line

(RTTNews) - Cninsure Inc. (CISG) reported a profit for its first quarter that climbed compared to the same period last year.

The company said its bottom line advanced to RMB33.00 million, or RMB0.57 per share. This was higher than RMB19.36 million, or RMB0.34 per share, in last year's first quarter.

The company said revenue for the quarter fell 36.2% to RMB579.50 million. This was down from RMB907.86 million last year.

Cninsure Inc. earnings at a glance:

-Earnings (Q1): RMB33.00 Mln. vs. RMB19.36 Mln. last year. -Earnings Growth (Y-o-Y): 70.5% -EPS (Q1): RMB0.57 vs. RMB0.34 last year. -EPS Growth (Y-o-Y): 67.6% -Revenue (Q1): RMB579.50 Mln vs. RMB907.86 Mln last year. -Revenue Change (Y-o-Y): -36.2%