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Listen to the roar: why China Customer Relations Centers (CCRC) rocketed in the Pre-market ‎session?‎

VTVT Stock

VTVT Stock

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

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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.

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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.

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