Jupai Reports First Quarter 2019 Results
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Jupai Holdings (JP) Reports Q1 Loss of $0.10 on Revenues of $41.9M
June 10, 2019 6:08 AM EDTJupai Holdings (NYSE: JP) reported Q1 EPS of ($0.10). Revenue for the quarter came in at $41.9 million, versus $0 reported last year.
"Jupai's first quarter 2019 operating results remained under pressure,\" said Mr. Jianda Ni, Jupai's chairman of the board and chief executive officer. "In addition to fewer working days resulting from the Chinese New Year holiday, weaker than expected investor confidence amid the unsettled US-China trade conflict contributed to the headwinds we faced in the quarter. As a result, our total net revenue for the first quarter of 2019 declined by 35.1% year-over-year to RMB281.0 million. Our... More
