Waterdrop gains on higher results

Waterdrop

17/03/2023 12:09

** U.S.-listed shares of Tencent-backed Waterdrop Inc
 WDH.N  up 1.02% at $2.96 in pre-market trading
    ** Reports Q4 net profit attributable to co of 126.2 mln
Chinese yuan ($18.32 mln) vs net loss of 71.2 mln Chinese yuan
in Q4 2021  urn:newsml:reuters.com:*:nPn5Pb2tca
    ** Also posts Q4 net operating rev of 679.5 mln Chinese
yuan, up 12.5% y-o-y due to collection of insurance-related
income, crowdfunding service fees and digital clinical-trial
solutions income
    ** Shares down ~12% so far this year; rose ~141% in 2022


($1 = 6.8875 Chinese yuan renminbi)

 (Reporting by Yamini Kalia)
 ((Yamini.Kalia@thomsonreuters.com))