Jiayin Group rises on higher Q1 results
08/06/2023 11:48
** U.S.-listed shares of Chinese fintech platform Jiayin
Group Inc JFIN.O up 11.6% at $8.15 premarket
** Co reports Q1 revenue of $163.4 mln, up 119.5% from a
year earlier
** Quarterly net income rose 93.4% YoY to $40.7 mln
** Says Q1 results led by partnership expansions with
financial institutions & tech-driven risk control strategies
** Expects FY23 loan facilitation volume to reach about RMB
70 bln
** Sees loan facilitation volume for Q2 in range of RMB 23
bln to RMB 24 bln
** Stock up about 217.4% YTD
(Reporting by Vaibhav Sadhamta)
((Vaibhav.Sadhamta@thomsonreuters.com;))