This Day On The Street
Continue to site right-arrow
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 CEO Discusses F4Q11 Results - Earnings Call Transcript

Stocks in this article: NED

Looking into detailed operating expenses. General and administrative expenses up about 52.9% year-over-year to 15.6 million mainly due to the incremental expenses from Wentai and that the share option incurred. As a percentage of revenue G&A expenses were 52.8% compared to 98.9% with the same time in fiscal 2010. A percentage remained high as infrastructure is built to support a more stabilized operation. However, as they further expand our revenue size its organic growth of Little New Star and Wentai as well as the additional contribution from Yuanbo from the coming quarter, we expect that the percentage of G&A expense to revenue will be lower in fiscal 2012.

Net of one off expenses related to the total of ELP Business, our operation is close to break-even for fourth quarter and operating losses of less than RMB1 million. Other operating expenses in the first quarter amounted to 10.1 million which included 8.7 million legal and professional services fees in relating to the total of ELP Business. This led to an operating loss of 9.6 million in this quarter.

Net loss for the quarter was 38.7 million or a loss of RMB1.11 per basic and the diluted share compared to a net loss of 3 million or a loss of RMB0.08 per basic and diluted shares in the fourth quarter of fiscal 2010. Net of one-time expenses related to ELP disposal, net loss would have been around 4 million. The one-off items includes the recognition of accumulated exchange reserve related to the ELP Business amounting to RMB30.7 million and the 3.9 million legal and the professional fees charged in this quarter.

Read the rest of this transcript for free on

3 of 3

Select the service that is right for you!

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!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • 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