Noah Q2 Net Income Rises - Quick Facts

(RTTNews) - Noah Holdings Limited (NOAH) reported second quarter net income attributable to shareholders of $27.3 million, a 19.4% increase from the corresponding period in 2014. Net income per ADS was $0.46, compared to $0.41. Non-GAAP net income to shareholders was $30.9 million, or $0.51 per ADS, for the quarter.

Total revenues was $98.19 million, compared to $75.52 million, a year ago. Net revenues were $93.2 million, a 30.4% increase from the corresponding period in 2014, primarily due to increases in one-time commission revenues, recurring service fees and performance-based income.

Noah reiterated its estimate that non-GAAP net income attributable to shareholders for the full year 2015 is expected to be in the range of $90.0 million to $95.0 million, an increase of 15.9% to 22.3% compared to the full year 2014.