Vipshop Holdings (VIPS) Tops Q1 EPS by 6c

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Go back to Vipshop Holdings (VIPS) Tops Q1 EPS by 6c

Vipshop Reports Unaudited First Quarter 2016 Financial Results

May 17, 2016 4:01 PM EDT

GUANGZHOU, China, May 17, 2016 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the first quarter ended March 31, 2016.

First Quarter 2016 Highlights

Total net revenue increased by 41% to RMB12.17 billion (US$1.89 billion), primarily attributable to a 52% year-over-year increase in the number of active customers[1] to 19.7 million and a 53% year-over-year increase in total orders[2] to 58.7 million. Gross profit increased by 38% to RMB2.96 billion (US$458 million) from... More