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Vmoto jumps on strong first-half revenues and earnings

Wed, 12th Aug 2015 10:12

(ShareCast News) - Scooter manufacturer Vmoto jumped 14.4% after posting a strong first-half trading.The company said it generated strong revenue and earnings growth during the six months to 30 June, driven by an increasing interest in its electric two-wheel vehicle products and a shift in sales mix to higher margin international markets.Vmoto sold 13% more units than the year before to a total of 41,503. Units sold to international customers rose 68% to 7,211.Meanwhile, first-half revenues were up 57% to $24.9m driven by strong growth in Chinese unit sales.Looking ahead, the group's managing director Charles Chen said: "The second half of the year is historically stronger than the first, and with a growing forward order book to be fulfilled, and more domestic and international distributors and customers due to visit the factory to discuss and finalise orders, we expect to see an increase in production and sales over the coming months, in line with the expectations previously provided to the market."The group added it has a number of earlier sage growth opportunities which will help the business.FinnCap analysts said the update should provide investors with "greather confidence in strong second-half progress".Shares rose 14.44% to 20.6p on Wednesday at 09:57.

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29 Apr 2014 12:35

Vmoto Trades First Quarter In Line With Expectations

LONDON (Alliance News) - Electric scooter manufacturer Vmoto Ltd Tuesday said that trading in the first quarter was in line with management expectations. Vmoto said it continued to grow earnings, and turned cash flow positive, generating a net profit after tax of approximately AUD230,000 fo

23 Apr 2014 10:22

Electric Scooter Firm Vmoto In Distribution Deal With Euro Ebike Company

LONDON (Alliance News) - Electric scooter manufacturer Vmoto Ltd said Wednesday that it has signed a distribution deal with Euro Ebike Company Ltd, for the order of at least 1,200 units by the end of August 2015. Vmoto said that under the deal, Euro Ebike Company, which is focused on sellin

17 Mar 2014 11:35

Vmoto Says Trading In Line With Expectations; Opened Further Chinese Stores

LONDON (Alliance News) - Vmoto Ltd, the electric scooter manufacturer, said Monday that it has opened additional stores since the start of its new financial year, and retail trading in China and for its existing original equipment manufacture agreement with PowerEagle, are trading in line with ex

27 Feb 2014 12:54

Vmoto Makes Its First Annual Profit, Says Growth To Continue In 2014

LONDON (Alliance News) - Electronic scooter manufacturer Vmoto Ltd Thursday said it made a AUD404,460 net profit in 2013, its first ever annual profit, after it ramped up production, launched new models and opened up new stores in China. In a statement, Vmoto said it expects to grow again i

30 Jan 2014 11:15

Vmoto To Make Its First Maiden Annual Profit For 2013

LONDON (Alliance News) - Electronic scooter manufacturer Vmoto Ltd said Thursday it had another profitable quarter and trading for 2013 as a whole is in line with expectations, expecting to make its first maiden annual profit for the financial year just ended. Vmoto said it made a net profi

30 Jan 2014 08:33

UK MORNING BRIEFING: BSkyB Up, Diageo Down Amid Lower Open

LONDON (Alliance News) - UK shares have opened lower Thursday, following the decision of the US Federal Reserve to continue tapering its asset purchases.

A large number of UK company reports at the open have seen a positive statement from BSkyB, up 2.4% at the open,

31 Dec 2013 08:09

Vmoto Says December Trading In Line With Expectations; Expects First Annual Profit

31 Dec 2013 07:47

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24 Apr 2013 10:53

Scooter maker Vmoto to enter Brazilian market

Electric powered scooter manufacturer and distributor Vmoto will enter the Brazilian market through a joint venture, to be named E-Max do Brasil, with Riba Motos Industria e Comercio (Riba). The company said that the joint venture would give it access to an assembly facility with direct distributio

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