e-Future Information Technology (EFUT) Reports Q3 Loss of RMB0.75/Share

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Go back to e-Future Information Technology (EFUT) Reports Q3 Loss of RMB0.75/Share

eFuture Announces Unaudited Third Quarter 2016 Financial Results

October 24, 2016 5:00 PM EDT

BEIJING, Oct. 24, 2016 (GLOBE NEWSWIRE) -- eFuture Holding Inc. (Nasdaq: EFUT) (the Company or eFuture), a leading software and solution provider and a mobile business enabler to China's retail and consumer goods industries, today announced its unaudited financial results for the third quarter ended September 30, 2016.

Third Quarter 2016 Financial and Operational Highlights

Third quarter total revenue decreased 9% year-over-year to RMB33.0 million (US$4.9 million).Gross profit decreased 17% year-over-year to RMB13.7 million (US$2.0 million).Adjusted EBITDA was... More