Noah Holdings Expects FY12 Non-GAAP Net-Income of $22-25M

Noah Holdings Limited

, today announced its updated 2012 forecast. The Company currently estimates that non-GAAP net income attributable to Noah shareholders for the full year 2012 is expected to be in a range of US$22.0 million and US$25.0 million, the midpoint of the revised range represents a year-over-year decline of approximately 10%. This estimate reflects management's current assessment and is subject to change. Noah's non-GAAP net income is net income under US GAAP excluding the effects of all forms of share-based compensation.