Noah Holdings Limited: Net Profit Halved to USD 2.7 Million in 2012Q1

Source: Imeigu, ChinaScope Financial (Data)

+       According to a recent disclosure, Noah Holdings Limited made net revenues of USD 16.8 million, a 10.8% year-on-year increase in the first quarter. Net income attributable to shareholders in 2012 Q1 was USD 2.7 million, a 52.6% year-on-year decrease.

+       As of March 31, the company’s total number of registered clients was 29,814, up 61.0% year-on-year. This figure includes 28,924 registered individual clients, 824 registered enterprises and 66 wholesale clients. Active clients in the reporting period were 952, a year-on-year increase of 44.5%. 

Net revenue and net profit growth both declined in 2011. Steep drop in number of registered clients aggravated the downward trend in 12Q1.

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