CNFinance Announces First Quarter 2019 Unaudited Financial Results
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UPDATE: CNFinance Holdings Ltd. (CNF) Reports Q1 EPS of $0.27 on Revenues $148.6M
May 22, 2019 6:38 AM EDT(Updated - May 22, 2019 6:39 AM EDT)
CNFinance Holdings Ltd. (NYSE: CNF) reported Q1 EPS of $0.27. Revenue for the quarter came in at $148.6 million, versus $0 reported last year.
Total loan origination volume[1] was RMB997.6 million (US$148.6 million) during the first quarter of 2019.Total outstanding loan principal[2] was RMB14.4 billion as of March 31, 2019, compared to RMB15.8 billion as of December 31, 2018.Total interest and fees income were RMB892.3 million (US$133.0 million) in the first quarter of 2019, a decrease of 16.2% from RMB1,065.3 million in the same period of 2018.Net income was... More