Summit Research Cuts Price Target on Vipshop Holdings (VIPS) Following 2Q15 Results
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Vipshop Reports Unaudited Second Quarter 2015 Financial Results
August 10, 2015 4:01 PM EDTGUANGZHOU, China, Aug. 10, 2015 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced its unaudited financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Highlights
Total net revenue increased by 77.6% to RMB9.0 billion (US$1.5 billion) from RMB5.1 billion in the prior year period. Gross profit increased by 78.6% to RMB2.3 billion (US$363.0 million) from RMB1.3 billion in the prior year period. Gross margin increased to 25.0% from 24.8% in the prior year... More