UPDATE: Citi Upgrades FinVolution (FINV) to Buy
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FinVolution Group Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results
March 11, 2021 2:20 AM ESTSHANGHAI, March 11, 2021 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020.
Fourth Quarter 2020 Financial and Operational Highlights
Net revenue was RMB1,853.0 million (US$284.0 million) for the fourth quarter of 2020, an increase of 50.3% from the fourth quarter of 2019. Operating profit was RMB595.6 million (US$91.3 million) for the fourth quarter of 2020, an increase of 36.9% from the fourth quarter of 2019. Non-GAAP adjusted operating... MoreFinVolution Group Announces Dividend of US$ 0.17 per American Depositary Share for Fiscal Year 2020
March 11, 2021 2:15 AM ESTSHANGHAI, March 11, 2021 /PRNewswire/ FinVolution Group ("FinVolution", or the "Company") (NYSE: FINV), a leading fintech platform in China, today announced that its board of directors (the "Board) has declared a dividend of US$0.17 per American Depositary Share for its fiscal year 2020, which is expected to be paid approximately April 30, 2021 to shareholders of record at the close of business on April 7, 2021. The determination to make dividend distributions and the amount of such distributions will be made at the discretion of the Board and will be based upon the Company's operations and earnings, cash flows,... More
