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QFIN - 360 Finance Inc News Story

$8.43 -0.2  -2.1%

Last Trade - 21/02/20

Mid Cap
Market Cap £934.9m
Enterprise Value £901.1m
Revenue £1.08bn
Position in Universe 2276th / 6408

BUZZ-360 Finance Inc: Rises on upbeat Q3 results

Wed 27th November, 2019 5:31pm
** Shares of Chinese digital consumer finance platform
 QFIN.O  up 17% at $9.18 - set for best day in more than seven
months on strong quarterly results
    ** QFIN's total revenue doubles to 2.58 bln yuan  ($366.53
mln), while loan origination volume and users with approved
credit lines more than double in Q3  urn:newsml:reuters.com:*:nGNX9mzmHv
    ** Increase in loan originations provides us cushion against
industry headwinds down the road - CFO Jiang Wu
    ** Posts quarterly profit per share of 2.45 yuan, compared
with a loss of 12.71 yuan a year earlier
    ** Continues to see FY 2019 revenue of 8 billion yuan to 8.5
billion yuan, almost twice as much as FY 2018 revenue
    ** Including session's gain, stock down ~41% YTD

($1 = 7.0389 Chinese yuan renminbi)

 (Reporting by Praveen Paramasivam in Bengaluru)
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