Tencent-backed Waterdrop rises on Q2 profit

Waterdrop

09/09/2022 13:12

** U.S.-listed shares of Tencent-backed Waterdrop Inc
 WDH.N  up 7.6% at $1.26 in premarket trading
    ** Q2 net profit attributable to co was 206.9 mln yuan 
($29.90 million) vs net loss of 655.8 mln yuan a year earlier
    ** WDH expects to achieve overall profitability on a
non-GAAP basis in 2022  urn:newsml:reuters.com:*:nPnfJqZLa
    ** Net operating revenue for Q2 fell ~25% due to decline in
insurance-related income
    ** As of last close, stock down ~15% this year

    


($1 = 6.9202 Chinese yuan renminbi)

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))