On Wednesday, Shares of Vipshop Holdings Limited (NYSE:VIPS), gained 3.41% to $26.66.
Vipshop, declared its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
- Total net revenue raised by 100.0% year over year to RMB8.6 billion (US$1.4 billion) from RMB4.3 billion in the preceding year period, primarily attributable to a 75.0% year-over-year enhance in the number of active customers[1] to 12.9 million and a 90.0% year-over-year enhance in total orders[2] to 38.5 million.
- Gross profit raised by 99.6% to RMB2.1 billion (US$345.4 million) from RMB1.1 billion in the preceding year period.
- Income from operations raised by 112.9% to RMB395.0 million (US$63.7 million) from RMB185.5 million in the preceding year period. Operating margin raised to 4.6% from 4.3% in the preceding year period.
Vipshop Holdings Limited, through its auxiliaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories comprising of belts, jewelry, watches, and glasses for women and men.
Shares of United Continental Holdings, Inc. (NYSE:UAL), declined -1.02% to $61.23, during its last trading session.
United Airlines, in partnership with Houston Mayor Annise Parker and the Houston Airport System, will break ground recently on the airline’s new Terminal C North concourse at George Bush Intercontinental Airport.
Floor-to-ceiling windows in the new concourse will offer soaring tarmac views, expansive gate-lounge areas will provide higher levels of comfort and 20 new dining and retail options near boarding gates will give Houstonians and travelers connecting through the airport more of the varied options they enjoy.
The $244 million project will create a 265,000-square-foot facility, more than 100,000 square feet larger than the existing Terminal C North, with 11 passenger boarding gates to accommodate a mix of United’s narrow-, mid- and wide-body aircraft.
When construction on the new concourse is accomplished, the Houston Airport System will demolish the existing Terminal C North facility at Bush Intercontinental to enable the reconstruction of the Mickey Leland International Terminal D. The international terminal is critical to Bush Intercontinental’s extensive connecting air traffic, particularly for those customers connecting between United flights and flights operated by United’s international airline partners.
United anticipates to complete the new Terminal C North concourse in early 2017.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations.
At the end of Wednesday’s trade, Shares of Duke Energy Corporation (NYSE:DUK), lost -1.41% to $74.44.
Solar energy use among South Carolina customers will enhance significantly as a result of a contract filed with the Public Service Commission of South Carolina on Tuesday.
The agreement enhances Duke Energy’s Distributed Energy Resource programs, which were filed with the S.C. Public Service Commission in February. The projected programs are designed to grow solar capacity in Duke Energy’s South Carolina service area from about 2 megawatts to about 110 megawatts.
Duke Energy, the S.C. Office of Regulatory Staff, the Coastal Conservation League, the S.C. Solar Business Alliance, the Southern Alliance for Clean Energy, the Alliance for Solar Choice and others filed the agreement, which contains details on solar programs Duke Energy will offer starting later this year. The programs are subject to approval by the S.C. Public Service Commission.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
Finally, Noranda Aluminum Holding Corp. (NYSE:NOR), ended its last trade with 2.88% gain, and closed at $2.13.
Noranda Aluminum, declared the pricing of the formerly declared secondary public offering of 22,840,000 shares of the Company`s common stock held by certain funds associated with Apollo Global Administration, LLC. The Company will not sell any shares in the offering and will not receive any proceeds from the offering. Preceding to this offering, the Selling Stockholders owned or controlled about 33.1% of the Company`s outstanding shares of common stock. Following the completion of this offering, the Selling Stockholders will no longer own any shares of the Company`s common stock and we expect Matthew R. Michelini, Matthew H. Nord, Eric L. Press, and Robert J. Kalsow-Ramos, who are associates of the Selling Stockholders, to resign from its board of directors.
The offering is predictable to close on or about May 15, 2015, subject to customary closing conditions.
Noranda Aluminum Holding Corporation produces and sells primary aluminum and rolled aluminum coils in the United States. The company’s Bauxite segment mines, produces, and sells bauxite used for alumina production. Its Alumina segment refines and converts bauxite into alumina, which is used in the production of primary aluminum; and sells smelter grade alumina and alumina hydrate, or chemical-grade alumina.
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