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
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