Gippsland Ltd (PPDF) Tops Q1 EPS by 13c, Beats on Revenues

Gippsland Ltd (NYSE: PPDF) reported Q1 EPS of $0.22, $0.13 better than the analyst estimate of $0.09. Revenue for the quarter came in at $146.2 million versus the consensus estimate of $121.98 million.

First Quarter 2018 Financial and Operating Highlights

• Operating revenues increased by 37.1% to RMB916.8 million (US$146.2 million) in the first quarter of 2018 from RMB668.5 million in the same period of 2017.
• Loan facilitation service fees increased by 22.8% to RMB620.8million (US$99.0 million) in the first quarter of 2018 from RMB505.3 million in the same period of 2017.
• Post-facilitation service fees increased by 166.0% to RMB227.2 million (US$36.2 million) in the first quarter of 2018 from RMB85.4 million in the same period of 2017.
• Non-GAAP adjusted operating income increased by 47.5% to RMB414.7 million (US$66.1 million) for the first quarter of 2018 from RMB281.2 million in the same period of 2017.
• Cumulative registered users1 reached 71.4 million as of March 31, 2018.
• Cumulative number of borrowers2 reached 11.3 million as of March 31, 2018.
• Cumulative number of individual investors3 reached 581,977 as of March 31, 2018.
• Number of unique borrowers4 was 2.5 million for the first quarter of 2018, representing a slight decrease of 2.7% from the same period of 2017.
• Loan origination volume5 was RMB12.3 billion for the first quarter of 2018, representing an increase of 17.1% from the same period of 2017.
• Average loan tenure8 was 9.3 months for the first quarter of 2018.

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

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