Full Truck Alliance rises after co swings to profit in Q2

Full Truck Alliance

25/08/2022 12:23

** U.S.-listed shares of logistics platform Full Truck
Alliance  YMM.N  rise 4.1% to $7.29 premarket
    ** YMM swings to net income of 12.7 million yuan  ($1.85
million) in Q2 from net loss of 1.96 bln yuan a year earlier
 urn:newsml:reuters.com:*:nPn9hv8B8a
    ** Co posts Q2 adj. net income of 266.9 mln yuan
    ** "Due to our increased focus on monetization enhancement
and heightened operational efficiency, our non-GAAP adjusted net
income further increased by 168.1% year-over-year" - CFO Simon
Cai
    ** Q2 revenue of 1.67 bln yuan, up 49.3% y/y
    ** Up to last close, stock down ~16% YTD


($1 = 6.8510 Chinese yuan renminbi)

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))