On Tuesday, Shares of Vipshop Holdings Ltd – ADR (NYSE:VIPS), subtract -14.82% and shut at $12.07 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $11.84 and $13.03. 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.
Shares of Whiting Petroleum Corp (NYSE:WLL), subtract -1.80% and shut at $10.12 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $9.80 and $10.47. The association’s commercial center capitalization is $3.12 Billion with the general uncommon loads of 284.34 million. Whiting Petroleum Corporation (NYSE: WLL) recently declared that it has reached purchase and sale agreements to sell its 50 percent interest in its Robinson Lake natural gas processing plant and associated natural gas gathering system located in Mountrail County, North Dakota and its 50 percent interest in its Belfield natural gas processing plant and associated natural gas, crude oil and water gathering systems located in Stark, Billings and Dunn Counties, North Dakota. From April through September 2016, these plants had average daily throughput of 132 MMcf per day.
An associate of Tesoro Logistics Rockies, LLC, has agreed to purchase the assets for $700 million, pending regulatory approval. Whiting’s share of the sale price would be about $375 million. The transaction is expected to close in the first quarter of 2017.