On Wednesday, Shares of Vipshop Holdings Ltd – ADR (NYSE:VIPS), included 2.57% and shut at $12.38 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $12.07 and $12.70. Vipshop Holdings Limited (VIPS), a leading online discount retailer for brands in China (“Vipshop” or the “Company”), recently declared its unaudited financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Highlights
Total net revenue raised by 38.4% to RMB12.00 billion (US$1.80 billion), mainly attributable to a 43% year-over-year increase in the number of active customers to 20.8 million and a 34% year-over-year increase in total orders to 60.1 million.
Gross profit raised by 36.0% to RMB2.93 billion (US$439.7 million) from RMB2.16 billion in the prior year period.
Income from operations raised by 21.3% to RMB528.8 million (US$79.3 million) from RMB436.1 million in the prior year period. Operating margin was 4.4% as contrast with 5.0% in the prior year period.
Non-GAAP income from operations raised by 24.8% to RMB732.0 million (US$109.8 million) from RMB586.8 million in the prior year period. Non-GAAP operating margin was 6.1% as contrast with 6.8% in the prior year period.
Net income attributable to Vipshop’s shareholders raised by 8.3% to RMB342.9 million (US$51.4 million) from RMB316.7 million in the prior year period.
Non-GAAP net income attributable to Vipshop’s shareholder raised by 31.5% to RMB595.5 million (US$89.3 million) from RMB452.7 million in the prior year period.
Shares of Itau Unibanco Holding SA (ADR) (NYSE:ITUB), subtract -1.88% and shut at $10.46 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $10.29 and $10.48. The association’s commercial center capitalization is $62.76 Billion with the general uncommon loads of 3.17 billion. Itaú Unibanco Holding S.A. provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts time, savings, and demand deposits; and offers personal, payroll, vehicle, and mortgage loans, in addition to credit cards. The company also provides asset administration, custody and bookkeeping, consortium, investment banking, and electronic payment means services, in addition to private banking services. In addition, it offers property, casualty, and life insurance products, in addition to reinsurance products; pension plans; and consumer finance credit, in addition to capitalization, leasing, and brokerage services. Itaú Unibanco Holding S.A. has 4,891 branches and client service branches; 94 digital branches; and 2 6,412 automated teller machines.