Chinese fintech Jiayin Group rises on higher Q3 profit

Jiayin

22/11/2023 14:46

** Shares of Chinese fintech firm Jiayin Group  JFIN.O  rise
~1.4% to $5.85
    ** Co posts Q3 net income per ADS of 6.03 yuan vs. 4.60 yuan
a year ago
    ** Q3 revenue jumps 64% to 1.47 bln yuan ($203.85 million)  
    ** Co sees Q4 loan facilitation volume at about 20 bln yuan
    ** JFIN approves cash dividend per ADS of 40 cents
    ** Up to last close, stock up ~150.9% YTD

($1 = 7.2111 Chinese yuan renminbi)

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))