X Financial rises on swinging to Q1 profit

X Financial

16/06/2021 12:05

** U.S.-listed shares of Chinese online personal finance co
 XYF.N  rise 7.4% to $8.88 premarket - set for a ninth straight
session of gains
    ** Posts Q1 net income per American depository share (ADS)
of 3.48 yuan ($0.5440) vs. net loss per ADS of 3.66 yuan last
year  urn:newsml:reuters.com:*:nPn9jJrk5a
    ** Total Q1 revenue jumps 71.3% to 906.3 million yuan 
    ** "We're very pleased to report a strong start of the year
as our business is fully back on its growth trajectory amid the
subsiding COVID-19 pandemic in China," says Justin Tang, founder
and CEO of X Financial
    ** Stock has risen over fourfold this year


($1 = 6.3970 Chinese yuan renminbi)

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