NBU Naibu Global

TIDMNBU

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 
 quincy.allan@abchurch-group.com        www.abchurch-group.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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