Nova Lifestyle (NVFY) Reports Q3 EPS of $0.11
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Nova LifeStyle Announces Record 3rd Quarter 2017 Financial Results; Net Income up Nearly 900%, Anticipates Growth Momentum to Continue into 2018
November 13, 2017 7:45 AM ESTLOS ANGELES, Nov. 13, 2017 (GLOBE NEWSWIRE) -- Nova LifeStyle, Inc. (Nasdaq: NVFY) (Nova LifeStyle or the Company), a California-based innovative designer and distributor of modern lifestyle household consumer products, is pleased to announce record third quarter financial results for the quarter ended September 30, 2017.Â
Third Quarter 2017 Financial Results, Significantly Expanded Net Profit Margins
Net income $2.96 million or $0.11 per share ($0.11 fully diluted), an increase of nearly 900% compared to $0.3 million or $0.01 per share ($0.01 fully diluted) net income in the third quarter of 2016Increase in net sales of 8.8% to $33.2... More