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

Noah Education Holdings' CEO Discusses F4Q12 Results - Earnings Call Transcript

[Foreign Language]

DDK Consulting and Xiaoxiao Education operated in the Zhejiang province around the Yangtze River Delta. DDK Consulting currently operates four kindergartens and one early childhood learning center and has a total enrollment of 1200. It’s total consideration is RMB 14.5 million.

[Foreign Language]

Xiaoxiao education is focused on operating kindergartens and children’s art and music training centers. It currently operates six kindergartens and one children’s art and music training centre and has a total enrollment of 1300. The total consideration of the acquisition is RMB 33.56 million

[Foreign Language]

Both transactions will be funded by our own cash reserves subject to customary closing conditions including regulatory approval. We expect revenue contributions from both acquisitions to come in the second quarter of fiscal 2013.

[Foreign Language]

Looking ahead, kindergarten will remain our focus area as we expect our top line to grow as the [ramp up] of kindergarten operations continue with utilization rate and operational efficiency is expected to improve further, we are confident that our gross margin will be sustainable at around 45% and operations will stay profitable as demonstrated in the previous quarter.

Our prudent business model is well aligned with the growth opportunity in the education space which enables us to generate a steady cash flow [throughput] our organic and acquisitive growth initiatives going into 2013.

[Foreign Language]

Dora Li, our CFO will now walk through our financial and operational performance as well as the guidance for the next quarter.

Dora Li

Thank you Mr. Xu. As the details of financial results for the fourth quarter and full fiscal 2012 are available in our earnings release, I would like to highlight a few key financial metrics and a focus on year-over-year comparison for the fourth quarter and the full fiscal 2012 with all numbers in RMB unless otherwise stated.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs