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Naibu Global Intl Co (NBU)

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Wednesday 29 January, 2014

Naibu Global Intl Co

Trading Update

RNS Number : 7340Y
Naibu Global International Co PLC
29 January 2014
 



 

 

Press Release

29 January 2014

 

 

Naibu Global International Company Plc

 

("Naibu" or the "Company")

 

Trading Update

 

The Board of Naibu Global International Company Plc (AIM:NBU), a leading Chinese manufacturer and supplier of branded sportswear, is pleased to provide the following trading update and to confirm that the Company's unaudited results for the current financial year will be in line with market expectations.

 

During the year ended 31 December 2013, Group revenues increased by 15.0 per cent. to reach a record high of RMB1,928million.  Revenue from the sale of shoes accounted for 53.6 per cent. (RMB1,033 million), the sale of clothing accounted for 43.0 per cent. (RMB829 million) and the sale of accessories represented the remaining 3.4 per cent. of revenues (RMB66 million).

 

Production Facilities

 

Quangang

As announced in the trading update dated 9 December 2013, the Company confirms it is on track to move into its new production facility at Quangang by the end of February 2014 which will expand capacity from 8 production lines to 10 going forward.

 

Mr Lin Huoyan, Executive Chairman, said: "I am delighted to report that our trading performance has continued to improve year-on-year, and I am confident that this trend will continue into 2014."

 

- Ends -

For further information:

Naibu Global International Company Plc


Huoyan Lin, Executive Chairman

Tel: +44 (0) 20 7398 7702

Li Zhen, Chief Financial Officer

www.naibu.com

 

Daniel Stewart & Company Plc

Tel: +44 (0) 20 7776 6550

Paul Shackleton / Martin Lampshire

www.danielstewart.co.uk

 

Media enquiries:

Abchurch


Henry Harrison-Topham / Quincy Allan

Tel: +44 (0) 20 7398 7710

[email protected]

www.abchurch-group.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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