Sungy Mobile revenues up 63% for Q1 2014

Sungy Mobile Ltd. (NASDAQ: GOMO) said it has announced its unaudited financial results for the first quarter ended March 31, 2014.

Highlights include: total revenues increased by 63.0 percent to RMB96.7m (USD15.6m) from RMB59.3m in the prior year period.

Revenues from mobile application products and services increased by 103.2 percent to RMB48.7m (USD7.8m) from RMB24.0m in the prior year period.

Net income increased by 23.7 percent to RMB14.2m (USD2.3m) from RMB11.5m in the prior year period. Net income, excluding the impact of the GetJar acquisition, increased by 82.1 percent to RMB20.9m (USD3.4m) from RMB11.5m in the prior year period.

Sungy Mobile Ltd. is a provider of mobile Internet products and services globally with a focus on applications and mobile platform development. Sungy Mobile´s platform product, GO Launcher EX, manages apps, widgets and functions on Android smartphones and serves as users´ first entry point to their phones.

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