logo
Share SHARE
FONT-SIZE Plus   Neg

Zuoan Fashion Q4 Profit Rises - Quick Facts

Zuoan Fashion Limited (ZA) reported that its fourth-quarter net income increased 26.8% to RMB70.2 million or $11.1 million from RMB55.3 million or $8.8 million in the same period last year.

Earnings per ordinary share was $0.10 in the fourth quarter of 2011, equivalent to $0.40 per ADS, compared to earnings per ordinary share $0.10 in the fourth quarter of 2010, equivalent to $0.42 per ADS.

Revenue for the fourth quarter was RMB355.3 million or $56.5 million, a 37.6% increase from RMB258.2 million or $41.0 million in the same period last year. The increase in revenue was driven by both distributors and direct stores sales volume.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share on revenues of $50.75 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter of 2012, the Company currently anticipates revenue in the range of $43.7-$44.5 million, net income of approximately $9.5 - $10.3 million and earnings per share of approximately $0.09 - $0.09. Analysts expect the company to report earnings of $0.28 per share on revenues of $40.16 million for the fist-quarter.

Zuoan said it expects to open approximately 25 self-operated flagship stores in the full year 2012. Approximately 175 new retail stores and 25 flagship stores are expected to be opened by distributors and sub-distributors in of the full year 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... 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...
comments powered by Disqus
Follow RTT