Noah Holdings Limited Q1 adjusted earnings of RMB6.84 per share
BEIJING (dpa-AFX) - Noah Holdings Limited (NOAH) revealed earnings for its first quarter that advanced from last year.
The company s profit came in at RMB454.09 million, or RMB6.72 per share. This compares with RMB243.03 million, or RMB3.92 per share, in last year s first quarter.
Excluding items, Noah Holdings Limited reported adjusted earnings of RMB461.88 million or RMB6.84 per share for the period.
The company s revenue for the quarter rose 62.7% to RMB1.22 billion from RMB0.75 billion last year.
Noah Holdings Limited earnings at a glance:
-Earnings (Q1): RMB461.88 Mln. vs. RMB257.08 Mln. last year.
Noah Holdings Limited Announces Unaudited Financial Results for the First Quarter of 2021
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SHANGHAI, May 10, 2021 /PRNewswire/ Noah Holdings Limited ( Noah or the Company ) (NYSE: NOAH), a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors, today announced its unaudited financial results for the first quarter of 2021.
FIRST QUARTER 2021 FINANCIAL HIGHLIGHTS
N
et revenue
s for the first quarter of 2021 were RMB1,224.7 million (US$186.9 million), a 64.1% increase from the corresponding period in 2020, and a 28.5% increase from the fourth quarter of 2020.
Noah: Q1 Earnings Snapshot
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SHANGHAI (AP) Noah Holdings Ltd. (NOAH) on Monday reported first-quarter net income of $69.3 million.
The Shanghai-based company said it had profit of $1.03 per share. Earnings, adjusted for non-recurring costs, came to $1.04 per share.
The wealth management firm posted revenue of $186.9 million in the period.
Noah shares have decreased nearly 10% since the beginning of the year. In the final minutes of trading on Monday, shares hit $43.14, a climb of 60% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOAH at https://www.zacks.com/ap/NOAH
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SHANGHAI, April 30, 2021 /PRNewswire/ Noah Holdings Limited ( Noah or the Company ) (NYSE: NOAH), a leading wealth and asset management service provider in China with a focus on global investment and asset allocation services for high net worth individuals and enterprises, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission on April 30, 2021.
The annual report can be accessed on Noah s investor relations website at http://ir.noahgroup.com.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH) is a leading wealth and asset management service provider in China with a focus on global investment and asset allocation services for high net worth individuals and enterprises. In the full year 2020, Noah distributed RMB94.7 billion (US$14.5 billion) of financial products. Through its subsidiary, Gopher Asset Management Co., Ltd. ( Go
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