China Customer Relations Centers, Inc. (NASDAQ: CCRC) shares tossed up in the early morning session as it rose more than 50% to $7.45 following on December 18, 2020, a prominent business process outsourcing service provider in China posted its unaudited financial results for the six months ended 30 June 2020.
Highlights for the First six months of 2020
Revenues rose by 33.4 percent to $97.72 million, led by high demand from existing BPO customers for our company and the investment from new customers, including, among others, Huaxia Bank, Ping’An Bank, Suning Insurance, and Vipshop.
Gross profit rose to $25.91 million, up 38.9 percent. The operating margin for the same time last year was 26.5 percent, compared to 25.5 percent.
Profits from sales rose by 89.1 percent to $10.06 million. The operating margin rose to 10.3 percent by 3.0 percentage points.
Net profits attributable to common owners rose to $10.30 million by 106.4 percent.
Compared to $0.27 for the same time as the previous year, earnings per share were $0.56.