Noah Holdings Limited Announces Third Quarter EPS of $.08

Noah Holdings LimitedNOAH today announced its unaudited financial results for the third quarter ended September 30, 2010.

• Net revenues were US$10.2 million, representing an increase of 208.5% from US$3.3 million in the third quarter of 2009.
• Income from operations was US$4.3 million, representing an increase of 592.0% from US$0.6 million in the third quarter of 2009. Operating margin was 42.5%, as compared to 19.0% in the third quarter of 2009.
• Net income attributable to Noah shareholders was US$3.1 million, representing an increase of 521.8% from US$0.5 million in the third quarter of 2009. Non-GAAP net income attributable to Noah shareholders was US$3.4 million, representing an increase of 185.5% from US$1.2 million in the third quarter of 2009. Net margin was 30.8%, as compared to 15.3% in the third quarter of 2009. Non-GAAP net margin was 33.1%, as compared to 35.8% in the third quarter of 2009.
• Net income per basic and diluted ADS was US$0.07, as compared to US$0.01 in the third quarter of 2009. Non-GAAP net income per diluted ADS was US$0.08, as compared to US$0.03 in the third quarter of 2009.