Yiren Digital gains on higher Q2 rev, profit
17/08/2023 16:03
** U.S.-listed shares of Chinese personal finance co Yiren
Digital YRD.N up 2.1% at $2.40
** Co posts Q2 net rev of 1,324.2 mln yuan (US$182.6 mln),
up 65%; increase in rev due to an increase in small revolving
loan products amid strong demand for consumption
** Q2 net income of 527.3 mln yuan (US$72.7 mln) vs 254.5
yuan mln a year ago
** Increase in net income primarily due to recovery of
business volume and optimization of business structure, says co
** YRD shares up 75.2% YTD
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.chaudhary@thomsonreuters.com))