Key Developments: Noah Education Holdings Ltd (NED)
1.38USD
23 May 2013
$-0.11 (-7.38%)
$1.49
$1.45
$1.49
$1.31
106,147
15,343
$2.45
$1.02
Latest Key Developments (Source: Significant Developments)
Noah Education Holdings Ltd Issues Q4 2013 Revenue Guidance; Reaffirms FY 2013 Revenue Guidance
Noah Education Holdings Ltd announced that for the fourth quarter of 2013, the Company expects to generate net revenue in the range of RMB58 million ($9.3 million) to RMB67 million ($10.8 million). For fiscal 2013, the Company maintains the revenue outlook in the range of RMB206 million ($33.0 million) to RMB215 million ($34.6 million). Full Article
Noah Education Holdings Ltd Issues Q3 2013 Revenue Guidance; Reaffirms FY 2013 Revenue Guidance
Noah Education Holdings Ltd announced that for the third quarter of 2013, it expects to generate net revenue in the range of RMB46 million (US$7.4 million) to RMB51 million (US$8.2 million). For fiscal 2013, the Company maintains the revenue outlook in the range of RMB206 million (US$33.0 million) to RMB215 million (US$34.5 million). Full Article
Noah Education Holdings Ltd Issues Q2 2013 Revenue Guidance; Raises FY 2013 Revenue Guidance
Noah Education Holdings Ltd announced that for the second quarter of 2013, it expects to generate net revenue in the range of RMB 54 million ($8.6 million) to RMB58 million ($9.2 million). For fiscal 2013, the Company expects to generate revenue between RMB 206 million ($32.8 million) and RMB215 million ($34.2 million). Full Article
Noah Education Holdings Ltd Issues Q1 Revenue Guidance; Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates
Noah Education Holdings Ltd announced that for first quarter of 2013, it expects net revenue in the range of RMB38 million (USD6.0 million) to RMB41 million (USD6.5 million). For the full fiscal 2013, the Company expects to generate revenue between RMB184 million (USD29.0 million) and RMB190 million (USD29.9 million). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of USD29 million for fiscal 2013. Full Article
Noah Education Holdings Ltd. Issues Q4 2012 Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2012 Revenue Guidance
Noah Education Holdings Ltd. announced that for fourth quarter of 2012, it expects revenue in the range of RMB37 million (USD5.9 million) to RMB39 million (USD6.2 million). For fiscal 2012, it reaffirmed revenue between RMB145(USD23.0 million)-RMB155 million(USD24.6 million). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of USD7.08 million for fourth quarter of 2012. Full Article
Noah Education Holdings Ltd. Issues Q3 2012 Revenue Guidance Below Analysts' Estimates; Reaffirms FY 2012 Revenue Guidance
Noah Education Holdings Ltd. announced that for the third quarter of 2012, it expects to generate net revenue in the range of RMB30 million(USD4.8 million) to RMB32 million (USD5.4 million). For fiscal 2012, the Company continues to expect to generate revenue between RMB145 million (USD23.4 million) and RMB155 million (USD24.9 million). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $6 million for the third quarter of 2012; and revenue of $24.3 million for fiscal 2012. Full Article
Noah Education Holdings Ltd. Announces Senior Management Change
Noah Education Holdings Ltd. announced that it has accepted the resignation of Mr. Jerry He as its Chief Executive Officer. Jerry's decision to resign from Noah is due to personal reasons and will be effective January 1, 2012. Mr. Dong Xu, Chairman of the Board of Directors and Chief Strategy Officer will act as CEO on an interim basis while the board evaluates alternatives to fill the role on permanent basis. Moreover, Mr. Qicai Du, the general manager of Wentai Education, has been appointed as director, effective January 1, 2012. Full Article
Noah Education Holdings Ltd. Revises Q1, FY 2012 Revenue Guidance
Noah Education Holdings Ltd. announced that based on current estimates and market conditions, for the first quarter of 2012, it expects to generate net revenue in the range of RMB35 million (USD5.5 million) to RMB37 million (USD5.8 million). For fiscal 2012, the Company continues to expect to generate revenue between RMB145 million (USD22.7 million) and RMB155 million (USD24.3 million). Full Article
Noah Education Holdings Ltd. Issues Q1 2012 Revenue Guidance In Line With Analysts' Estimates; Issues FY 2012 Revenue Guidance Above Analysts' Estimates
Noah Education Holdings Ltd. announced that for the first quarter of 2012, it expects to generate net revenue in the range of RMB33 million (USD5.1million) to RMB35 million (USD5.4million). For fiscal 2012, the Company expects to generate revenue between RMB145 million (USD22.4 million) and RMB155 million (USD23.9 million). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.2 million for the first quarter of 2012; revenue of $22.3 million for fiscal 2012. Full Article
Noah Education Holdings Ltd. Completes Acquisition of Yuanbo Education
Noah Education Holdings Ltd. announced the completion on July 31, 2011 of its acquisition of an 80% interest in Shanghai Yuanbo Education Information and Consulting Corporation Ltd. (Yuanbo Education), a company focused on early childhood education services in the Yangtze Delta region, for a total consideration of RMB94.866 million, pursuant to the terms of a definitive agreement entered into on April 13, 2011, and a supplemental agreement signed on July 22, 2011. The supplemental agreement contained an adjustment to reflect the fact that Yuanbo was unable to secure local government approval for the transfer of one of the 16 kindergartens mentioned in the definitive agreement. The acquisition is funded by Noah's current cash reserve, and is expected to be accretive to the Company's earnings in the fiscal year ending June 30, 2012. Of Noah's RMB94.866 million investment in Yuanbo Education, RMB46.276 million is to be used to extend its reach by opening new kindergartens and making acquisitions across the Yangtze Delta region. Its management team, which has successfully grown the company since its establishment in 2001, will retain a 20% stake in Yuanbo Education. Full Article
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