Noah Profit Rises

(RTTNews) - Chinese asset manager Noah Holdings Ltd (NOAH) on Monday reported first-quarter net earnings of $21.2 million or $0.37 per American depositary share compared with $16.9 million or $0.30 per share last year.

Excluding items, adjusted earnings for the quarter were $0.38 per share compared with $0.32 per share a year ago.

Revenues for the quarter jumped about 43% to $71.8 million from $50.3 million in the prior year.

Operating margin for the quarter fell to 31.7% from 41.2% a year ago.

For the full year 2015, the company still expects adjusted earnings of $90 million to $95 million.