Boston, MA 03\/04\/2014 (wallstreetpr) – Vipshop Holdings Ltd-ADR (NYSE:VIPS)<\/b> has reported impressive earnings for its fourth quarter and full year, with earnings per share for the quarter toppling estimates of $0.41 per share to clock at impressive highs of $0.49 per share. This marked the fourth consecutive quarter that the Holdings Company has reported positive growth in earnings and profits. The solid financial result was heavily driven by a solid financial growth which continues to remain in triple digit numbers.<\/p>\n
Vipshop Holdings Ltd-ADR (NYSE:VIPS) throughout the quarter and year focused on strengthening the core operational segments of the company. This entailed expanding and optimizing product offering as well as revamping warehouse capabilities and enhancing IT infrastructure.<\/p>\n
Financial Highlights<\/b><\/p>\n
Revenues<\/b><\/p>\n
Total revenues for the quarter was up by 117.3% compared to the same quarter a year ago go, clocking at impressive highs of $651 million. This was primarily attributed to a 119% upsurge in active consumers who reached an all-time high of 5.7 million as well as increase in total orders of 102.4% to highs to 17.7 million from lows of 8.8 million. Net revenues for full year clocked in at $1.7 billion an increase of 145.1 billion on a year over year basis.<\/p>\n
Vipshop net income for the quarter surged to highs of $25.4 million an increase of 300% from $6.3 million reported in the same quarter a year ago. Net income margins also grew from 2.1% the prior year to highs of 3.9%. Income for the full year came in at $53.8 million compared to a net loss of $11.9 million in the prior year.<\/p>\n
Gross profit<\/b><\/p>\n
Vipshop Holdings Ltd-ADR (NYSE:VIPS) recorded a gross profit of $159.4 million in the fourth quarter an increase of 131.9% compared to $68.7 million reported in the same quarter a year ago. This was attributed to an increase in total revenues as well as growth in gross margins which grew to 24.5%. Gross profits for full year also grew by highs of 164% to clocking in at impressive highs of $407.8 million against prior year\u2019s$154.5 million<\/p>\n
Operating income and expenses<\/b><\/p>\n
Total operating expenses for the fourth quarter came in at $133.7 million from $64.1 million reported in the same quarter a year ago, an increase of 108.6%. Fulfillment expenses also increased to highs of $73.2 million from lows of $37.4 million reported in the prior year same quarter.<\/p>\n
Business outlook<\/b><\/p>\n
Vipshop Holdings Ltd-ADR (NYSE:VIPS) projects total revenues of between $640 and $650 million for the current fiscal year a mark that should represent a growth of between 106% and 109%<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/04\/2014 (wallstreetpr) – Vipshop Holdings Ltd-ADR (NYSE:VIPS) has reported impressive earnings for its fourth quarter and full year, with earnings per share for […]<\/p>\n","protected":false},"author":12,"featured_media":16511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2330,2329],"stock_ticker":[],"class_list":["post-16509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nysevips","tag-vipshop-holdings-ltd-adr-nysevips","entry"],"acf":[],"yoast_head":"\n