Cogobuy Group (00400) said its net profit attributable to equity shareholders of the company increased 19% to RMB85.1 million for the three months ended 31 March 2016. Gross margin was 8.1%.
Non-GAAP profit attributable to equity shareholders of the Company was RMB100.2 million, representing an increase of 30.1% year-over-year. Non-GAAP operating expenses were RMB70.9 million.
With strong service income generated from its marketplace business, the non-GAAP operating margin for the period was 5.2%.
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