Ekornes ASA : Aim to reduce annual cost base by 150 million Norwegian crowns ($18.4 million) by year-end 2016. . Some 50 percent will be offered new positions within production . Initiative is expected to reduce groups' annual cost base by approximately 20 million Norwegian crowns . Decided to reduce groups' indirect function by 50 full time employees. .One-off costs related to programs of up to 10 million crowns will be charged Q4 2016 results.
Ethan Allen Interiors Inc - : Ethan Allen comments on business in advance of investor meeting and announces earnings release date for fiscal 2017 first quarter . Sees Q1 consolidated net sales increase of 1.5 percent and an adjusted EPS in range of $0.42 to $0.43 . Expects to report a retail comparable delivered sales increase of 5.7 percent in Q1 . Based on preliminary financial information, company expects to report Q1 adjusted EPS in range of $0.42 to $0.43 .Q1 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.
Shenzhen Fuanna Bedding and Furnishing Co., Ltd. <002327.SZ> : Sees net profit of 2016 to decrease by 10 percent to increase by 10 percent , or to be 361.1 million yuan to 441.3 million yuan . Says the net profit of 2015 was 401.2 million yuan .Comments that the change of sales structure and increased investment of new business are the main reasons for the forecast.
Shenzhen Fuanna Bedding and Furnishing Co., Ltd.<002327.SZ>:Says it names Li Junjiang as CFO.
Healthcare Co Ltd :Says its shares to debut trade in Shanghai on Oct 13.
Goyo Intex Co Ltd <7519.T> : Says its top shareholder, Japan Securities Finance Co., Ltd, cuts stake in co to 9.8 percent from 13.6 percent .Change occurred on Sept. 30.
Great Wall Of Culture Group Holding Guangdong Co Ltd <300089.SZ> :Says it plans to acquire Henan education services firm for 300 million yuan ($44.99 million) in cash.
Nova Lifestyle Inc : Nova Lifestyle Inc - announced Ya Ming "Jeffrey" Wong has resigned as chief executive officer in order to pursue other opportunities . Nova Lifestyle Inc- board of directors has appointed company chairperson and president Tawny Lam to serve as interim CEO .Nova Lifestyle Inc- was not due to any disagreements with company or board of directors and was a voluntary decision.
Oriental Weavers Carpet Co SAE :Oriental Weavers Carpet Co SAE - says see no financial impact from public prosecutor's decision of ruling out any violation of competition laws by co.
Oriental Weavers Carpet Co Sae : Public prosecutor has ruled that there is no grounds for a criminal case against co and co has not breached competition rules .Denies anti-competitive behavior and monopolistic practices.