FONT-SIZE Plus   Neg

China Kanghui Q4 Profit Rises; Provides 2012 View - Quick Facts

China Kanghui Holdings (KH) reported that its fourth quarter Non-GAAP net income increased by 57.4% year-over-year to RMB44.4 million from RMB28.2 million in the prior year. Non-GAAP earnings per share grew to RMB 0.29 from RMB 0.19 last year. Non-GAAP earnings per ADS were RMB 1.72, up from RMB1.12 last year

Net income for the quarter increased by 53.8% to RMB42.3million or $6.73 million from RMB27.5 million in the previous year. Earnings per share rose to RMB 0.27 or $0.04 from RMB 0.18 last year. GAAP earnings per ADS were RMB 1.65, up from RMB1.10 a year ago.

Quarterly total net revenue up by 33.6% to RMB96.6 million or $15.3 million from RMB72.3 million a year earlier.

On average, analysts polled by Thomson Reuters expected earnings of $0.26 per share on revenue of $13.55 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, the company anticipates revenue for full year 2012 will be in the range of RMB392 million to RMB403 million, which represents year-over-year growth of 20% to 23%. The company also estimates its full year 2012 non-GAAP net income to be in the range of RMB146 million to RMB153 million. Analysts predict the company to report revenue of $62.72 million for 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. (AAPL) reported its third straight quarter of iPhone sales and revenue declines after the market closed on Tuesday. The tech giant's fourth-quarter profit trumped Wall Street expectations, while revenues fell short. Although, Apple reported its third straight year-over-year decline in iPhone... Buick, Lexus and Toyota are among the top brands with highest reliability rating in the latest annual brand reliability survey. A New York woman has filed a $20 million lawsuit against Kentucky Fried Chicken, accusing the fast-food giant of 'false and deceptive trade practice' and also of misleading customers as she did not get enough chicken in her $20 "Fill-Up."
comments powered by Disqus
Follow RTT