logo
Share SHARE
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

Quick Facts

Editors Pick
Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her... Oil company Exxon Mobil Corp. on Friday reported a 59 percent fall in profit for the second quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results of both companies were impacted by the low crude oil and natural gas prices as well as weaker refining margins.
comments powered by Disqus
Follow RTT