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Noah Holdings Limited Q1 adjusted earnings of RMB6.84 per share
BEIJING (dpa-AFX) - Noah Holdings Limited (NOAH) revealed earnings for its first quarter that advanced from last year.
The company s profit came in at RMB454.09 million, or RMB6.72 per share. This compares with RMB243.03 million, or RMB3.92 per share, in last year s first quarter.
Excluding items, Noah Holdings Limited reported adjusted earnings of RMB461.88 million or RMB6.84 per share for the period.
The company s revenue for the quarter rose 62.7% to RMB1.22 billion from RMB0.75 billion last year.
Noah Holdings Limited earnings at a glance:
-Earnings (Q1): RMB461.88 Mln. vs. RMB257.08 Mln. last year.
Noah Holdings Limited Announces Unaudited Financial Results for the First Quarter of 2021
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SHANGHAI, May 10, 2021 /PRNewswire/ Noah Holdings Limited ( Noah or the Company ) (NYSE: NOAH), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced its unaudited financial results for the first quarter of 2021.
FIRST QUARTER 2021 FINANCIAL HIGHLIGHTS
N
et revenue
s for the first quarter of 2021 were RMB1,224.7 million (US$186.9 million), a 64.1% increase from the corresponding period in 2020, and a 28.5% increase from the fourth quarter of 2020.