NetDragon Result 30/03/2016

Netdragon, new owner of Promethean, reported Q4 net loss of RMB 124 million ($18.6 million). Turnover for the period was RMB 500 million ($75 million), up 77% YoY. For the full year 2015, net loss was RMB 187 million ($28 million). Turnover was reported at RMB 1.27 billion ($190 million), up 32.1% YoY. The strong financial growth was contributed by the education business, which grew by over 5 times YoY thanks to the Promethean acquisition.