PINTEC Announces First Nine Months 2019 Unaudited Financial Results
Pintec Technology Holdings Limited - American Depositary Shares (PT)
Company Research
Source: GlobeNewswire
BEIJING, Dec. 12, 2019 (GLOBE NEWSWIRE) -- Pintec Technology Holdings Limited (NASDAQ: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced its unaudited financial results for the nine months ended September 30, 2019. Financial Highlights For The Nine Months Ended September 30, 2019 Total revenues decreased by 7.3% to RMB776.3 million (US$108.6 million) in the first nine months of 2019 from RMB837.4 million in the same period of 2018.Gross profit increased by 26.3% to RMB473.7 million (US$66.3 million) in the first nine months of 2019 from RMB374.9 million in the same period of 2018. Gross margin increased to 61.0% from 44.8% in the same period of 2018.Operating profit increased by 52.1% to RMB131.1 million (US$18.3 million) in the first nine months of 2019 from RMB86.2 million in the same period of 2018.Net income increased by 631% to RMB115.2 million (US$16.1million) in the first nine months of 2019 fro
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