111 Inc: Jumps as Q4 revenue soars

111

18/03/2021 12:59

** U.S.-listed shares of China-based internet medical and
health co  YI.O  up 7.97% at $19.5 premarket 
    ** Co's Q4 rev. rose 96.1% to 2.64 bln yuan ($405.1 mln)
from a year earlier, aided by a 108.7% rise in its B2B segment
rev.  urn:newsml:reuters.com:*:nPnpDVt3a
    ** YI posts Q4 adj. loss of 18 cents/ADS, compared with a
loss of 70 cents/ADS in the same qtr last year as general and
administrative expenses fell
    ** Co forecast Q1 rev. between 2.53 bln yuan and 2.6 bln
yuan, representing an year-over-year growth of ~61% to 65%, or
87% to 93%, excluding the impacts of pandemic related one-off
sales 
    ** Shares up 159.9% for the year, as of last close

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))