Noah Holdings Posts Higher Q4 Profit

(RTTNews) - Noah Holdings Ltd. (NOAH) reported net income for the fourth quarter of US$14.8 million or US$0.26 per ADS, compared to US$13.4 million or US$0.24 per ADS for the year-ago quarter.

Excluding items, adjusted earnings per ADS for the fourth quarter was US$0.27, compared to US$0.26 in the prior year quarter.

Net revenues for the fourth quarter ROSE 39.2% to US$63.3 million from US$45.4 million a year ago, due to increases in both one-time commission revenues and recurring service fees.

The company forecasts full year 2015 adjusted net income to be in the range of US$90.0 million to US$95.0 million, representing a year-over-year increase in the range of 15.9% to 22.3%.