IKang Profit Soars; Reaffirms FY Guidance

(RTTNews) - iKang Healthcare Group Inc (KANG), a provider of preventive healthcare services in China, on Monday reported first-quarter net earnings of $10.7 million or $0.15 per American depositary share compared with $1.9 million or $0.03 per share last year.

Excluding items, adjusted earnings for the quarter were $0.16 per share compared with $0.13 per share a year ago.

Revenues for the quarter were $86.3 million, a decline of 43.4% from $60.2 million a year ago.

Gross margin for the quarter was 48.8% compared with 48.3% in the prior year.

For the fiscal year 2015 ending March 2016, the company reaffirms its revenues guidance to be between $383 million and $390 million.

KANG closed Monday at $14.00, down $1.00 or 6.67%, on the Nasdaq. In after hours, the stock dropped $0.95 or 6.79% at $13.05. After Hours : 13.05 Down 0.95 (6.79%)