This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Noah Education Holdings, Ltd. F3Q10 (Qtr End 03/31/2010) Earnings Call Transcript

These assets have aided us in growing both our top and bottom lines, and I am confident in our ability to deliver continued growth going forward.

With that, I will now turn the call over to Dora to walk you through our financial performance for the quarter.

Dora Li

Thank you, Chairman. We continue to see healthy growth in the third quarter, supported largely by an impressive rise in KLD sales and complemented by growth in our education service segment.

As noted on slide 3, net revenue totaled RMB253.7 million, up 18.3% from the third quarter of fiscal 2009. As our chairman just mentioned, although revenue was below our initial guidance, we are still encouraged by the year-over-year growth rate we attained across our top and bottom line.

Jerry will share with you in just a few minutes our unique strategy and the opportunities we are faced with, that will support future growth.

Our ELP business maintained stable growth during the quarter. Taking a closer look at our ELP business, as shown on slide 4, the 27% year-over-year decline in DLD revenues was more than offset by a 100.7% increase in KLD sales and to a lesser extent a 5.4% increase in E-dictionaries.

Our Kid Learning Devices remain a primary catalyst for growth, and our recently launched device has perfectly captured customers across a range of spending habits. We believe there remain ample opportunities to further expand our presence in this space. To help further expand KLD sales and to stabilize DLD revenue, our R&D efforts going forward will be heavily focused on developing products based on our customers' needs and requests.

This customer-focused approach will help ensure the success of each new product launch.

Slide 5 offers a breakdown of our revenues for this quarter. Our ELP business contributed RMB243 million, up 13.3% from last year. Little New Star contributed RMB10.7 million, which was at the top end of our guidance range, demonstrating how Little New Star is complementing our ELP revenue growth.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs