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Additional Information
Market: AIM
Sector: Software & Computer Services
EPIC: GNG
Latest Price: 18.38p  (0,00%)
52-week High: 45.00p
52-week Low: 13.25p
Market Cap: 6.95M
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GEONG
www.geong.com/Site/08GEONG/EN

 

Founded in August 2000 with headquarters in Beijing, China, GEONG International Ltd. (GEONG or the Company) has been listed on the London Stock Exchange (LSE AIM: GNG.L) since June 2006. The Company has transformed from a ECM (Enterprise Content Management) software and service centric business to a internet business centric company and both revenues and profits grown by more than 10-fold over the last 6 years.

 

GEONG is an internet software company managed by world class management and professional team who collectively owns 35% of the business. The Company’s mission is to help its clients to improve their business efficiency and customer satisfaction through internet applications. We design, develop, deliver and operate internet software solutions. We assist clients to maximize their online business value by the offering of smarter internet platform, social networking and mobile internet applications which are tailored to their business environment and needs. GEONG is recognized as a leading independent internet software solutions provider and operator for large enterprises in China. 

 

Full GEONG profile here
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GEONG says software as a service revenues now account for a quarter of total sales

30th Sep 2011, 9:06 am by Ian Lyall SaaS is generally more profitable, recurring business which is reflected in the boost to the company’s margins to 53 per cent from 46 per cent revealed in today’s annual results.

China-focused IT group GEONG International (LON:GNG) revealed today that software as a service now represents a quarter of its revenues, up from 14 per cent a year ago.

SaaS is generally more profitable, recurring business which is reflected in the boost to the company’s margins to 53 per cent from 46 per cent revealed in today’s annual results.

However the majority of its income still comes from the information as a service, or IaaS model where the company acts as the consultant, covering the design, development, implementation and maintenance of the project. 

The results reveal the company, which is in the process of acquiring Hong Kong’s Adbeyond, boosted annual profits by £300,000 to £2.6 million despite a £1.2 million drop in revenues to £11.3 million. GEONG has cash of £5.3 million.

 Chief executive Wang Weidong said: “Our task ahead is two-fold: firstly, sustain the margins that we have achieved in the last year by continuing to grow our SaaS revenue, secondly, continue to consolidate our position with our partners to expand our business beyond China.

“We are focused on capitalising upon the many opportunities that we have in our markets, whilst managing our cost base carefully."

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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

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From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.