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NIO (NIO.US) ADR Mushrooms 15%+ as Quarterly Loss Turns to Profit
Recommend 4 Positive 6 Negative 2 |
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NIO-SW (09866.HK)(NIO.US) ADR mushroomed 15.4% to USD5.7. After the market closed yesterday, the company announced its results for the fourth quarter of last year, reporting a net profit attributable to shareholders of RMB122 million, compared to a loss of RMB7.132 billion in the same period last year, turning from loss to profit. EPS equaled RMB5 cents. Total quarterly revenue was RMB34.65 billion, representing a YoY and QoQ spike of 75.9% and 59%, respectively. Gross profit was RMB6.074 billion, with YoY and QoQ leap of 163.1% and 100.8%, respectively. AASTOCKS Financial News Website: www.aastocks.com |
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