Nova Lifestyle soar high post Q3 results

|About: Nova Lifestyle, Inc. (NVFY)|By:, SA News Editor

Nova Lifestyle (NASDAQ:NVFY) reports 900% growth in net income to $2.96M in Q3.

Gross margin rate advanced 270 bps to 17.8%.

SG&A expense rate improved 220 bps 9.4%.

Operating margin rate grew 480 bps to 8.3%.

Net income rose 900% to $2.96M.

The company saw strong customer demand across nearly all product lines in the quarter.

The company expects growth momentum to continue in Q4 and FY2018.

NVFY +58.19% premarket.

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