Nova Lifestyle (NVFY) Reports Breakeven Q1 Earnings
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Nova LifeStyle Reports First Quarter 2016 Financial Results
May 16, 2016 7:30 AM EDTLOS ANGELES, May 16, 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 first quarter ended March 31, 2016.
First Quarter 2016 Financial Highlights:
First quarter Net Sales were $27.1 million, an increase of 23% compared to $22.0 million in the prior year period. Sales growth was driven by a 7% increase in volume along with a 15% increase in average selling prices.Nova LifeStyle... More