17th Jan 2014 10:05
LONDON (Alliance News) - Shares in Chinese e-commerce company JQW PLC rose 15% Friday after it said that its revenues for the year ended December 31, 2013, will exceed expectations, in its first update since listing on AIM on December 9.
The company expects to see a pretax profit of around RMB127 million for the year ended December 31, with revenues of around RMB400 million.
JQW said that it had 192,000 fee paying members as at the end of November, ahead of 166,000 at the end of June and 135,000 at the end of December 2012.
JQW is looking to expand its sales agencies throughout the course of 2014, and expects to see benefits from this expansion during the year.
Shares in JQW were trading up 15% at 77.00 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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