FINV - FinVolution Group reports Q1 result

2023-05-18 01:45:54 ET

FinVolution Group press release ( NYSE: FINV ): Q1 GAAP EPS of $0.07.

Revenue of $444.2M (+15.1% Y/Y).

Non-GAAP adjusted operating income, which excludes share-based compensation expenses before tax, was RMB762.6 million (US$111.0 million) in the first quarter of 2023, representing an increase of 26.7% from RMB602.1 million in the same period of 2022.

Net profit was RMB689.8 million (US$100.4 million) in the first quarter of 2023, compared to RMB534.3 million in the same period of 2022.

Net profit attributable to ordinary shareholders of the Company was RMB695.9 million (US$101.3 million) in the first quarter of 2023, compared to RMB534.7 million in the same period of 2022.

Share price up 3.6%

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