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home / news releases / NOAH - Noah Holdings Stung By High Costs Amid Pivot To China's Rich

NOAH - Noah Holdings Stung By High Costs Amid Pivot To China's Rich

Noah Holdings Limited
  • Asset manager Noah Holdings’ second quarter revenue grew 20%, but margins got squeezed by faster-growing operating expenses.
  • High expenses came from recruitment of new wealth management staff as company shifts focus to affluent Chinese customers.
  • Investors dump asset manager’s shares after its latest quarterly report shows heavy spending eroded profit margins.

For further details see:

Noah Holdings Stung By High Costs Amid Pivot To China's Rich
Stock Information
Company Name: Noah Holdings Limited
Stock Symbol: NOAH
Market: NYSE
Website: ir.noahgroup.com
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