Yunji Inc dips on lower Q1 revenue, profit

Yunji

27/05/2021 13:10

** Shares of e-commerce platform  YJ.O  down 1.55% at $1.9
premarket 
    ** Co posted Q1 rev of 675.4 mln yuan vs 1.65 bln yuan in
year-ago period 
    ** Rev declines as co refined its products across all
categories and optimized its suppliers and merchants, which
caused sales to fall in both its marketplace and merchandise
businesses  urn:newsml:reuters.com:*:nPn75fB6Ra
    ** Merchandise rev decreased by 60.4% to 571.9 mln yuan,
while rev from marketplace business was 95.4 mln yuan
    ** Q1 adj net income was 17.1 mln yuan compared with 26.1
mln yuan a year earlier 
    ** Shares up 4.3% for the year

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))