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DGAP-News: Joyou AG / Key word(s): Quarter Results Joyou AG continues along its path of growth in 2013

15.11.2013 / 08:26

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9M 2013 Report

Joyou AG continues along its path of growth in 2013

- Revenues increased to EUR 267.5 million, a growth of 8.7% compared to 2012

- EBIT grew from EUR 37.0 million to EUR 41.1 million, bringing EBIT margin up to 15.4 %

- International Sales increased strongly by 16.9% to EUR 26.4 million

Hamburg, November 15, 2013. Joyou AG, a leading bathroom solution supplier in China, achieved improved financial results in the third quarter of 2013. Despite the still difficult business environment, the group revenues growth momentum has improved. Revenues rose in the first nine months of 2013 to EUR 267.5 million, an increase of 8.7% in EUR terms or 8.5% in RMB terms. Sales abroad increased strongly by 16.9% to EUR 26.4 million, while the domestic sales grew by 7.9% to EUR 241.1 million.

Along with the positive sales development, Joyou managed to improve the operating profit margin. Due to tighter cost control, especially in regards to administrative, selling and distribution expenses, the operating profit (EBIT) rose to EUR 41.1 million (9M 2012: EUR 37.0 million).

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PRESS RELEASE: Joyou AG continues along its path of growth in 2013

PRESS RELEASE: asknet publishes business figures for the first nine months of 2013

DGAP-News: asknet AG / Key word(s): Quarter Results asknet publishes business figures for the first nine months of 2013

15.11.2013 / 10:30

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asknet publishes business figures for the first nine months of 2013

- Sales revenues and gross profits up on prior-year period

- Positive nine-month result

- Full-year forecast confirmed

Karlsruhe, November 15, 2013 - asknet AG has announced its business figures for the first nine months of 2013. The leading supplier of global e-commerce solutions generated consolidated sales revenues of 58.86 million euros in the reporting period, up approx. 12 percent on the same period of the previous year. asknet Group's gross profits in the reporting period rose by approx. 4 percent to 7.39 million euros compared to the first nine months of 2012, of which 5.47 million euros were contributed by the eDistribution segment and 1.92 million euros by ePortals.

Both business segments of asknet Group delivered a positive performance in the reporting period. The eDistribution segment continued its growth, with sales revenues and gross profits up by approx. 12 percent and approx. 3 percent, respectively, on the first nine months of 2012. While last year's trend in the ePortals segment was negative, asknet's academic software portals returned to growth in the first nine months of 2013, reporting a roughly 13 percent increase in sales revenues. Gross profits rose by approx. 9 percent. The good business performance in the reporting period is reflected in a positive nine-month result. Earnings before taxes (EBT) amounted to 22 thousand euros, having improved by 87 thousand euros compared to the same period of the previous year. After interest and taxes, asknet Group posted a net profit for the period of 20 thousand euros.

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PRESS RELEASE: asknet publishes business figures for the first nine months of 2013

The number of tuhao websites, blogs, comic books, TV shows and ad slogans is exploding. And tuhao's legitimacy could soon become official, with the keepers of the Oxford English Dictionary saying they may include tuhao in its next edition.

"A lot of media has given attention to the word 'tuhao' which also triggered our interest," said the management authorities at Oxford University Press, the publisher of the dictionary. "If the influence of 'tuhao' keeps rising, we will consider including it in our dictionaries of the 2014 edition."

The Oxford folks say the word "tuhao" dates back more than 100 years, when it referred to wealthy landholders who would bully peasants or underlings. Oxford said the new usage has taken off in the past two months with growing media attention. In China, where the new rich are buying everything from gold-plated BMWs to $1 million dogs and $5,000 bottles of wine, the term is the word of the moment.

(Read more: China's rich buying up yacht companies)

Tuhao was listed as one of the top "hot words" recently in China Daily. As the newspaper explained: "People find tuhao to be aptly worded, because nouveaux riche have garish tastes and lack good cultural traits and sophistication. Although 'tuhao' is a derisive term, it is being widely used by netizens to poke fun at the rich who are like luxurious products with little use or content."

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China has a word for its crass new rich

Ann Coulter Discusses Her Latest Book
Sarah Seman from Townhall reports for Capitol Source News and Townhall.com.

By: townhall

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Ann Coulter Discusses Her Latest Book - Video

Conservative media icon Ann Coulter has posted a column on her website heavily criticizing the Obama administrations decision to allow former felons and immigrants to become navigators for the health care law, or officials that help guide individuals through the application process and with other stipulations of the law.

In her column, Coulter takes her usual shots at exaggerating the truth in order to simultaneously appear witty and criticize the role of big government. Maybe its a blessing that the Obamacare website has crashed more often than the Soviet Unions commercial air fleet did, she writes.

She also writes the following: In addition to convicted felons, navigators are drawn from labor unions, community organizers, former ACORN staffers and groups for the Democratic National Committee. Call right up and give all your private financial and medical information to those guys! what could go wrong, as if giving your information to someone that was once in a labor union, a community organizer or any of the other things she listed immediately makes them a dangerous, untrustworthy individual.

The rest of the article continues to almost nonsensically criticize the American governments decision to allow Nigerian immigrants to enter the country and then work, presumably as navigators, with lines like the country is now chock-full of people who come from cultures where criminality and government corruption is a way of life -- at the very moment that the country is expanding a government-run health insurance program already shot through with fraud and abuse.

At times, Coulters column does sound incredibly racist and anti-immigration: Of course, Obamacare never would have passed without decades of massive immigration from the Third World ... In order to pass Obamacare, Democrats had to bring in the Third World to vote Democratic.

To refute Coulters statements, the Huffington Post released an article entitled Ann Coulter: Still Racist, which included facts pulled from a study that found Crime rates are lower among immigrants than the native born and crime rates rise among second-generation immigrants to levels comparable to the native born.

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Ann Coulter's Newest Column Blames Third-World Immigrants For Obamacare