Jianpu Technology Inc. Reports First Quarter 2019 Unaudited Financial Results
Jianpu Technology Inc. American depositary shares (JT)
Last jianpu technology inc. american depositary shares earnings: 3/23 06:01 am
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Source: PR Newswire
BEIJING, May 28, 2019 /PRNewswire/ -- Jianpu Technology Inc. ("Jianpu," or the "Company") (NYSE: JT), a leading independent open platform for discovery and recommendation of financial products in China, today announced its unaudited financial results for the first quarter ended March 31, 2019. First Quarter 2019 Operational and Financial Highlights:Total revenues in the first quarter of 2019 increased by 95.1% to RMB654.9 million (US$[1]97.6 million) from RMB335.7 million in the same period of 2018. Number of loan applications submitted through the Company's platform was approximately 24.4 million in the first quarter of 2019, representing an increase of approximately 102% from the same period of 2018. The average fee per loan application increased to RMB17.72 (US$2.64) in the first quarter of 2019 from RMB13.27 in the same period of 2018. As a result, revenues for loans in the first quarter of 2019 increased by 170% to RMB432.6 million (US$64.5 million) from RMB160.1 million in the s
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