Last $4.10 USD
Change Today -0.01 / -0.24%
Volume 32.0K
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

mecox lane ltd-adr (MCOX) Snapshot

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05/29/14 - $5.78
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mecox lane ltd-adr (MCOX) Details

Mecox Lane Limited designs and sells health and beauty products through various retail channels in the People’s Republic of China. It offers beauty and healthcare products, including skin care, fragrance, cosmetics, and other personal care products. The company sells its products through its online platform and stores. The company was founded in 1996 and is headquartered in Shanghai, the People’s Republic of China. As of May 20, 2014, Mecox Lane Limited operates as a subsidiary of Cnshangquan E-Commerce Co., Ltd.

1,592 Employees
Last Reported Date: 04/11/14
Founded in 1996

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mecox lane ltd-adr (MCOX) Key Developments

Mecox Lane Limited Announces Board Changes

Mecox Lane Limited announced the resignation of Mr. Frank Yifan Li from the board of directors of the Company, and the appointment of Ms. Yang Wang as a director of the Company, effective November 21, 2014. Ms. Yang Wang has served as the executive vice president of Sanpower Group since 2013, and is mainly responsible for cross-border investment execution. Prior to joining Sanpower Group, Ms. Wang was an investment banker in Hong Kong at Citigroup from 2009 to 2011 and Barclays from 2009 to 2013, where she assisted a number of Chinese companies with their overseas IPOs and acquisitions. From 2006 to 2007, Ms. Wang worked at the World Bank's International Finance Corporation (IFC) Beijing office where she advised on equity investments across various sectors in China.

Mecox Lane Limited Announces Unaudited Consolidated Financial Results for the Third Quarter Ended September 30, 2014

Mecox Lane Limited announced unaudited consolidated financial results for the third quarter ended September 30, 2014. Total net revenues were $13.1 million in the third quarter of 2014, representing a 23.1% increase from $10.6 million in the third quarter of 2013. The increase was attributed to the Company's launch of a number of new health, beauty and lifestyle products along with positive results of related promotional offers. Income from continuing operations was $1.9 million in the third quarter of 2014, representing an increase of 105.4% from $0.9 million in the third quarter of 2013. Net loss was $0.2 million in the third quarter of 2014, compared to a net loss of $5.0 million in the third quarter of 2013. Non-GAAP net loss was $0.1 million in the third quarter of 2014, compared to a non-GAAP net loss of $3.9 million in the third quarter of 2013. Basic and diluted loss and income from the Company's discontinued and continuing operations per American depositary share ("ADS") attributable to Mecox Lane shareholders was $0.03 and $0.01, respectively, in the third quarter of 2014. Income from operations was $1,804,249 against $588,282 a year ago.

Mecox Lane Limited to Report Q3, 2014 Results on Nov 25, 2014

Mecox Lane Limited announced that they will report Q3, 2014 results at 8:00 PM, US Eastern Standard Time on Nov 25, 2014


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