On Monday, Shares of Vipshop Holdings Ltd – ADR (NYSE:VIPS), included 3.66% and shut at $14.17 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $13.28 and $14.35. The business’ commercial center capitalization is $8.26 Billion with the aggregate fabulous loads of 99.46 million. 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 Transocean LTD (NYSE:RIG), added 4.01% and shut at $11.66 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $11.45 and $11.85. The association’s commercial center capitalization is $4.34 Billion with the general uncommon loads of 365.49 million. Transocean Ltd. (RIG) and Transocean Partners LLC (RIGP) recently declared that Transocean has agreed to increase to 1.20 Transocean shares (from 1.1427 Transocean shares) the consideration for its pending acquisition of each outstanding common unit of Transocean Partners not already owned by Transocean in a share-for-unit merger transaction. Transocean anticipates to issue about 23.8 million shares in the merger.
The transaction is subject to the approval of the holders of Transocean Partners` common units following its limited liability company agreement. As Transocean has already committed to voting its about 21.3 million common units in favor of the merger, a vote in favor of the merger by about 9.9 million (or about 50.1%) of the about 19.7 million common units not held by Transocean will be required to approve the merger. Subject to customary approvals and conditions, counting receipt of approval from Transocean Partners common unitholders, the transaction is expected to close in early December 2016.