PPDAI Group Inc. Reports First Quarter 2019 Unaudited Financial Results
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PPDAI Group Inc. (PPDF) Reports Q1 Revenues Above Estimates
May 15, 2019 5:51 AM EDTPPDAI Group Inc. (NYSE: PPDF) reported Q1 revenue for the quarter came in at $217.3 million versus the consensus estimate of $182.71 million.
Net profit increased by 60.7% to RMB703.1 million (US$104.8 million) in the first quarter of 2019 from RMB437.6 million in the first quarter of 2018.Operating revenues[8] increased by 52.6% to RMB1,458.3 million (US$217.3 million) in the first quarter of 2019, from RMB955.4 million in the same period of 2018.Loan facilitation service fees increased by 51.2% to RMB938.6 million (US$139.9 million) in the first quarter of 2019, from RMB620.8 million in the same period of... More