GUANGZHOU, China, March 8 /PRNewswire-Asia-FirstCall/ -- 7 Days Group Holdings Limited ("7 Days Group" or the "Company") (NYSE: SVN), a leading and fast growing national economy hotel chain based in China, today announced its unaudited financial results for the fourth quarter 2009 and full year 2009. Fourth Quarter 2009 Financial Highlights -- Total net revenues increased by 32.6% to RMB310.5 million (US$45.5 million)(1), compared to RMB234.2 million for the same period in the fiscal year 2008. -- Income from operations was RMB26.8 million (US$3.9 million) compared with a loss of RMB10.2 million in the fourth quarter of 2008. Non-GAAP income from operations increased to RMB 29.6 million (US$ 4.3 million) ...
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6743208
Here is a recap of the top news items from this week on Wall Street:
1. Dell (Nasdaq: DELL) shares tumbled more than 9% on Friday following a Q3 earnings miss, reported on Thursday after the close. Traders had been bidding up the school prior to the results as Dell's turnaround story has been a hot tech story recently.
2. Treasury Secretary Timothy Geithner was grilled on Capitol Hill this week, taking on a flurry of questions -- maybe even accusations -- related to his role in the financial crisis. Several members of Congress even went as far as asking Geithner to step down from his position.
The IPO for 7 Days Group Holdings Limited (NYSE: SVN) is open for trading. Share are trading at $13.70 after pricing 10.1 million share IPO at $11, the top end of the $9-$11 range.
The offering is being made through JPMorgan, Citi and Oppenheimer & Co.
7 Days is ...
