Brief: Fanhua Reports Fourth Quarter And Fiscal Year 2018 Unaudited Financial Results

AIFU

11/03/2019 22:04

March 11 (Reuters) - Fanhua Inc  FANH.O :
    * FANHUA REPORTS FOURTH QUARTER AND FISCAL YEAR 2018
UNAUDITED
FINANCIAL RESULTS
    * Q4 REVENUE ROSE 26.3 PERCENT TO RMB 871.9 MILLION
    * QTRLY DILUTED NET INCOME PER ADS RMB 1.99
    * QTRLY DILUTED NET INCOME PER ADS $0.29
    * "INVESTMENT INCOME IS EXPECTED TO DROP IN 2019"
    * "EXPECT A SLIGHT INCREASE IN NET INCOME ATTRIBUTABLE TO
SHAREHOLDERS IN 2019 ON A YEAR-ON-YEAR BASIS"
    * ANTICIPATE GROWTH OF BASIC EARNINGS PER SHARE WILL BE
AROUND 10%
IN 2019
    * BOARD APPROVED TO INCREASE COMPANY'S ANNUAL DIVIDEND BY
20% FROM
US$1.0 PER ADS IN 2018 TO US$1.2 PER ADS IN 2019
    * ON MARCH 8, BOARD APPROVED SHARE REPURCHASE PROGRAM TO
EXECUTE
REPURCHASE OF UP TO $200 MILLION OF COMPANY'S ADSS BY DECEMBER
31, 2019
    * EXPECTS OPERATING INCOME TO BE NO LESS THAN RMB126.0
MILLION FOR
Q1 OF 2019

Source text for Eikon:  ID:nGNXSF40S 
Further company coverage:  FANH.O 

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