China Finance Online: Jumps as quarterly loss narrows
27/12/2019 12:11
** U.S.-listed shares of China-based finance information
company JRJC.O rise 13.1% to $1.12 in premarket trade
** Company posted a lower quarterly loss on Thursday, after
the bell
** JRJC set to open at a seven-month high, if gains hold
** Net loss per share attributable to JRJC narrowed to 9
cents from 26 cents a year earlier, as it trimmed sales,
marketing and product development costs
** Q3 revenue, however, slipped 6.5% urn:newsml:reuters.com:*:nPn9m582Ja
** "The weak Hong Kong markets and the falling investor
confidence in the third quarter of 2019 led to a revenue decline
in our brokerage business in Hong Kong" - CEO Zhiwei Zhao
** Up to Thursday's close, JRJC had gained ~10% this year
(Reporting by Praveen Paramasivam in Bengaluru)
((Praveen.Paramasivam@ThomsonReuters.com))