Jupai Reports Third Quarter 2019 Results
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Jupai Holdings (JP) Reports Q3 Loss of $0.19
November 22, 2019 5:35 AM ESTJupai Holdings (NYSE: JP) reported Q3 EPS of ($0.19). Revenue for the quarter came in at $25.5 million.
Net revenues in the third quarter of 2019 were RMB182.1 million (US$[1]25.5 million), a decrease of 41.4% from the corresponding period in 2018. For the first nine months of 2019, net revenues were RMB649.0 million (US$90.8 million), a decrease of 45.3% from the same period in 2018.Loss from operations in the third quarter of 2019 was RMB40.2 million (US$5.6 million), as compared to income from operations of RMB27.3 million for the corresponding period in 2018. For the first nine months of 2019, loss from... More