Brief: Nova Lifestyle Q4 Revenue $35.7 Million

XMax

29/03/2018 12:54

March 29 (Reuters) - Nova Lifestyle Inc  NVFY.O :
    * NOVA LIFESTYLE REPORTS OUTSTANDING FOURTH QUARTER AND FULL
YEAR
2017 FINANCIAL RESULTS, HIGHLIGHTED BY Q4 PRE-TAX EPS OF $0.18
    * Q4 REVENUE ROSE 79.3 PERCENT TO $35.7 MILLION
    * Q4 EARNINGS PER SHARE $0.18 FROM CONTINUING OPERATIONS
    * ‍ANTICIPATES EXECUTING ON PREVIOUSLY ANNOUNCED $5 MILLION
SHARE
REPURCHASE PROGRAM IN 2018 THROUGH INTERNAL FUNDING SOURCES​
    * ‍$5 MILLION SHARE REPURCHASE PROGRAM TO INITIATE IN 2018​
    * ‍EXPECTING "ROBUST" SALES AND "SIGNIFICANT" EARNINGS
GROWTH IN
2018​

Source text for Eikon:  ID:nGNXbj7T9d 
Further company coverage:  NVFY.O 

 ((Reuters.Briefs@thomsonreuters.com;))