Gippsland Ltd (PPDF) Reports Q4 Revenues Above Estimates

Gippsland Ltd (NYSE: PPDF) reported Q4 revenue for the quarter came in at $156.74 million versus the consensus estimate of $146.65 million.

• Fourth Quarter 2017 Financial and Operational Highlights
• Operating revenues for the fourth quarter of 2017 increased by 85.3% to RMB912.1 million (US$140.2 million), from RMB492.3 million in the same period of 2016. Excluding a one-time provision for expected discretionary payments to investors in investment programs protected by the Company\'s investor reserve funds, from operating revenue, Non-GAAP adjusted operating revenues for this quarter were RMB1,019.8 million (US$156.7 million), representing a year-over-year increase of 107.2%.
• Loan facilitation service fees increased by 98.2% to RMB620.2 million (US$95.3 million) in the fourth quarter of 2017, from RMB312.9 million in the same period of 2016.
• Post-facilitation service fees further increased by 180.9% to RMB 227.2 million (US$34.9 million) in the fourth quarter of 2017, from RMB80.9 million in the same period of 2016.
• Non-GAAP adjusted operating income, which excludes other income/ (expenses), share-based compensation expenses and a one-time provision for expected discretionary payments to investors in investment programs protected by the Company\'s investor reserve funds from profit/(loss) before tax, increased by 100.7% to RMB327.4 million (US$50.3 million) for the fourth quarter of 2017, from RMB163.1 million in the same period of 2016.
• Cumulative registered users [1] reached 65.4 million as of December 31, 2017.
• Cumulative number of borrowers [2] reached 10.5 million as of December 31, 2017.
• Cumulative number of individual investors [3] reached 559,760 as of December 31, 2017.
• Number of unique borrowers [4] was 4.0 million for the fourth quarter of 2017, an increase of 117.5% from the same period of 2016.
• Loan origination volume [5] was RMB17.6 billion for the fourth quarter of 2017, an increase of 133.7% from the same period of 2016.
• Average loan tenure [8] was 6.7 months for the fourth quarter of 2017.

For earnings history and earnings-related data on Gippsland Ltd (PPDF) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Rein Therapeutics Inc. (RNTX) Tops Q2 EPS by 39c
• Reading (RDI) Tops Q2 EPS by 4c