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
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT