Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Zuoan Fashion Q4 Profit Rises - Quick Facts

RELATED NEWS
Trade ZA now with 

Zuoan Fashion Limited (ZA: Quote) 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.

Register
To receive FREE breaking news email alerts for Zuoan Fashion Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved notably higher over the course of the trading day on Tuesday after recovering from an initial move to the downside. With the strong upward move on the day, the Dow reached a new record intraday high before giving back some ground. President Barack Obama is scheduled to travel to the headquarters of the Centers for Disease Control and Prevention in Atlanta, Georgia, on Tuesday to outline steps the U.S. will take to help combat the Ebola outbreak in West Africa. Senate Republicans once again voted Monday to block a Democratic bill aimed at narrowing the national gender wage gap. The Senate voted 52 to 40 in favor of limiting debate on the Paycheck Fairness Act, falling well short of the 60 votes required.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.