Nova Lifestyle (NVFY) Reports Q4 EPS of $0.03

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Nova LifeStyle Reports Fourth Quarter and Full Year 2015 Financial Results

March 28, 2016 7:30 AM EDT

LOS ANGELES, March 28, 2016 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (NASDAQ: NVFY), a U.S. based fast-growing, innovative designer, manufacturer and distributor of modern LifeStyle furniture, today announced financial results for the fourth quarter and twelve months ended December 31, 2015.

Fourth Quarter and Full Year 2015 Financial Highlights:

For the twelve-month period ended December 31, 2015, Net Sales were $108.8 million, an increase of 10.3% compared to the prior year period.  Sales growth was driven primarily by a 11% increase in sales volume along with a 2% decrease... More