News Column

Noah Q1 Net Profit Up 75.6%

May 14, 2014

SHANGHAI, May 14, SinoCast ? China's leading third-party wealth management company Noah Private Wealth Management announced the first-quarter unaudited report, showing net profit attributable to shareholders reached USD 16.9 million, growing 75.6% over a year earlier.

Net profit attributable to shareholders reached USD 18.1 million based on a non-GAAP basis, growing 68.4% over a year earlier.

Wealth management products served and sold by the company valued at CNY 14.97 billion, growing 72.6% over a year earlier; the number of registered members reached 55,519, growing 30.4%. The company set up outlets in 56 cities nationwide and has 604 financial planners.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Sinocast Investing & Securities Beat (China)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters