Last $3.59 USD
Change Today -0.05 / -1.37%
Volume 4.7K
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As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

le gaga holdings ltd-adr (GAGA) Key Developments

Le Gaga Holdings Ltd Announces Unaudited Consolidated Earnings and Production Results for the Six Months Ended December 31, 2013; Re-Affirms Earnings Guidance for the Fiscal Year Ending June 30, 2014

Le Gaga Holdings Ltd. announced unaudited consolidated earnings and production results for the six months ended December 31, 2013. For the six months, the company reported revenue of RMB 179,437,000 against RMB 189,462,000 a year ago. Results from operating activities were RMB 99,627,000 against RMB 170,272,000 a year ago. Profit before taxation was RMB 98,481,000 against RMB 167,336,000 a year ago. Profit for the period was RMB 98,232,000 or 4.47 cents per diluted share against RMB 167,079,000 or 7.32 cents per diluted share a year ago. Net cash generated from operating activities was RMB 77,552,000 against RMB 58,961,000 a year ago. Payment for the purchase of property, plant and equipment were RMB 2,977,000 against RMB 12,646,000 a year ago. Adjusted profit for the period was RMB 22,952,000 against RMB 44,550,000 a year ago. Adjusted EBITDA was RMB 84,059,000 against RMBM 89,273,000 a year ago. The company re-affirmed its previous revenue guidance and estimates that its revenue for the fiscal year ending June 30, 2014 will be between RMB 585 million and RMB 625 million, representing a year over year growth rate of approximately 1.6% to 8.5% for the fiscal year ending June 30, 2014 from the fiscal year ended June 30, 2013. This forecast reflects the company's current and preliminary estimate, which is subject to change. For the six months, total production output increased to 54,884 metric tons compared to 49,229 metric tons a year ago. Production yield was 2.1 metric tons per mu compared to 2.2 metric tons per mu a year ago.

Le Gaga Holdings Ltd to Report First Half, 2014 Results on Feb 20, 2014

Le Gaga Holdings Ltd announced that they will report first half, 2014 results on Feb 20, 2014

Le Gaga Holdings Ltd, H1 2014 Earnings Call, Feb 20, 2014

Le Gaga Holdings Ltd, H1 2014 Earnings Call, Feb 20, 2014

Le Gaga Holdings Ltd, Annual General Meeting, Dec 20, 2013

Le Gaga Holdings Ltd, Annual General Meeting, Dec 20, 2013., at 09:00 China Standard Time. Location: Unit 1105, The Metropolis Tower. Agenda: To re-elect Ms. Na Lai Chiu and Mr. Gordon Xiaogang Wang as the company's directors; and to appoint KPMG as the company's independent registered public accounting firm for the fiscal year ending June 30, 2014.

Le Gaga Holdings Ltd Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2013; Reports Production Results for the Fourth Quarter and Full Year Ended June 30, 2013; Provides Revenue Guidance for the Year Ending June 30, 2014

Le Gaga Holdings Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2013. For the quarter, the company reported revenue of RMB 151,112,000 compared to RMB 123,248,000 a year ago. The increase in revenue was due to an increase in its land area, greenhouse area and open field utilization. Loss from operating activities was RMB 15,185,000 compared to RMB 5,199,000 a year ago. Loss before taxation was RMB 15,260,000 compared to RMB 8,336,000 a year ago. Loss was RMB 13,035,000 or 0.59 cents per basic and diluted share compared to RMB 8,464,000 or 0.37 cents per basic and diluted share a year ago. Net cash generated from operating activities was RMB 109,540,000 compared to RMB 53,351,000 a year ago. Payment for the purchase of property, plant and equipment was RMB 8,061,000 compared to RMB 4,746,000 a year ago. Adjusted profit was RMB 31,592,000 compared to RMB 34,727,000 a year ago. Adjusted EBITDA was RMB 56,174,000 compared to RMB 56,071,000 a year ago. The increase in cash inflow resulted primarily from an increase of RMB 68.6 million in cash received, as a result of the collection of RMB 93.0 million in trade receivables outstanding as at March 31, 2013. Basic and diluted loss per ADS was RMB 29.50 against RMB 18.50 for the same period a year ago. For the year, the company reported revenue of RMB 576,274,000 compared to RMB 519,315,000 a year ago. The increase in revenue was due to an increase in its land area, greenhouse area and open field utilization. Results from operating activities were RMB 155,931,000 compared to RMB 148,497,000 a year ago. Profit before taxation was RMB 151,296,000 compared to RMB 146,267,000 a year ago. Profit was RMB 153,136,000 or 6.80 cents per basic and diluted share compared to RMB 141,724,000 or 6.12 cents per diluted share a year ago. Net cash generated from operating activities was RMB 258,951,000 compared to RMB 257,542,000 a year ago. Payment for the purchase of property, plant and equipment was RMB 21,878,000 compared to RMB 7,792,000 a year ago. Adjusted profit was RMB 166,801,000 compared to RMB 190,734,000 a year ago. Adjusted EBITDA was RMB 261,299,000 compared to RMB 266,203,000 a year ago. The slight change in operating cash inflow is the offsetting effect of an increase of RMB 42.3 million in cash received from sales and an increase of RMB 40.8 million in cash paid for cost of revenue and operating expenses, compared to last year. Basic and diluted loss per ADS was RMB 340.00 against RMB 55.40 for the same period a year ago. For the quarter, the company reported production output increased to 39,980 metric tons compared to 34,947 metric tons a year ago. For the year, the company reported production output increased to 138,212 metric tons compared to 137,547 metric tons a year ago. For the fiscal year ending June 30, 2014, the company expects lower revenue per mu as compared to the fiscal year ended June 30, 2013, due to operational disruption resulting from the conversion of a large area of greenhouses to the soil-less production system. The company estimates its revenue for the fiscal year ending June 30, 2014 to be between RMB 585 million and RMB 625 million, representing a year over year growth rate of approximately 1.6% to 8.5% for the fiscal year ending June 30, 2014 from the fiscal year ended June 30, 2013.

 

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Price/Earnings 11.4x
Price/Sales 1.7x
Price/Book 0.6x
Price/Cash Flow 11.3x
TEV/Sales 1.1x
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