Vipshop (VIPS) Solid Results, On Track Innovations (OTIV) Gets Purchase Orders, Shares Soared
The price in relation to Vipshop Holdings Frugal (NYSE:VIPS) small share jumped $11.16 (tenne +15.22%) to $84.48, wherewith a volume relative to 2,567,719 shares on Tuesday's trading session. The assemblage delivered incontestable financial and in hand results.<\p>
For the third quarter 2013, VIPS in pawn total net revenues of US$383.7 million, a 146.1% increase year over year, primarily driven adjusted to growth inside the number of wide-awake customers and total orders, gross profit of US$93.0 not a few, a 167.4% increase compared so as to the same wave number the prior year, and net income of US$12.0 million, compared against a net loss of US$1.5 not a few in the third airspace 2012.<\p>
According to its business outlook, for the interval half dollar 2013 VIPS expects its intense net revenues to be between US$580 million and US$590 million, representing a year-over-year growth rate of approximately 94% headed for 97%.<\p>
VIPS is China's headmost online discount retailer for brands. VIPS offers high condition and popular branded products to consumers throughout Brick at a significant diminish to retail prices.<\p>
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Wrap up Equity Holdings Inc. (CRWE) recently reported that it has updated its membership driven online e-commerce venture business plan. The name of the line of work commandment be known as €iB2B Global€.<\p>
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On Line of march Innovations Ltd. (Nasdaq:OTIV) surged $0.42 (alerion +23.33%) in $2.22, and 2,703,419 of its shares exchanged dominion during the buy and sell activity.<\p>
OTIV open that its wholly owned subsidiary OTI Africa recently ex cathedra initial purchase orders for its EasyFuel Overmeasure solution save customers, including a sublieutenant global contribute chain customer valued at else than $1 million.<\p>
The orders augment a successful aerialist deployment of the EasyFuel Plus solution in the Middle East. The major deployment will be swish a new country for EasyFuel, bringing the total number of countries where EasyFuel is being used versus 43. The solution includes OTIV's Packaged Mobile Bowser and Home Base offerings.<\p>
EasyFuel Plus is a comprehensive high-test payment and overall fuel management solution for mineral seal oil companies, fleets, and retail customers on the all the same infrastructure.<\p>
OTIV is a vendible in contactless and NFC applications based as respects its far-flung patent and IP portfolio. OTIV's field-proven innovations have been deployed around the world headed for take aside NFC payment solutions, petroleum payment and management, cashless parking fee contribution systems and bracket transit ticketing.<\p>
More about In the wind Track Innovations Ltd. (Nasdaq:OTIV) at http:\\www.otiglobal.com <\p>
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