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PDD Holdings Inc., Q4 Income Falls

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

PDD Holdings Inc., (PDD) released a profit for fourth quarter that Dropped, from last year

The company's bottom line totaled RMB24.540 billion, or RMB4.13 per share. This compares with RMB27.446 billion, or RMB4.63 per share, last year.

The company's revenue for the period rose 12.0% to RMB123.912 billion from RMB110.610 billion last year.

PDD Holdings Inc., earnings at a glance (GAAP) :

-Earnings: RMB24.540 Bln. vs. RMB27.446 Bln. last year.
-EPS: RMB4.13 vs. RMB4.63 last year.
-Revenue: RMB123.912 Bln vs. RMB110.610 Bln last year.

For the fourth quarter, the company reported net income per ADS of RMB16.51, compared with RMB18.53 per ADS in the same period last year. Adjusted income was RMB17.69 per ADS, less than RMB20.15 per ADS a year ago.

Excluding items, earnings were RMB26.295 billion, or RMB4.42 per share, compared with RMB29.850 billion, or RMB5.04 per share, in the previous year.

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