China Internet Nationwide Financial Services Inc. Announces First Half 2018 Unaudited Financial Results
CHINA INTERNET NATIONWIDE FINANCIAL SERVICES INC (CIFS)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/china-internet-nationwide-financial-services-inc-to-commence-trading-on-nasdaq-global-market-300500602.html
Company Research
Source: PR Newswire
Reports 43% and 42% Increase in Revenue and Gross Profit, Respectively Expects Strong Growth to Continue in the Second Half of 2018 BEIJING, Sept. 17, 2018 /PRNewswire/ -- China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS) ("CIFS" or the "Company"), a financial advisory service and FinTech company, today announced its unaudited financial results for the six-month period ended June 30, 2018.Financial Highlights – First Half 2018 vs. First Half 2017In $ 6M Ended June 30, 20186M Ended June 30, 2017Change %Total revenue11,419,2467,973,214+43%Gross profit11,040,3707,790,700+42%Operating expenses7,731,997638,155+1112%Income from operations (1)3,308,3737,152,545-54%Net income (2)6,850,1408,239,154-17%Basic and diluted earnings per share (3)0.310.41-24% (1) Income from operations for the six-month period ended June 30, 2018 includes approximately $7,731,997 of SG&A and R&D expenses as compared to 638,155 for the same period of last year.(2) Net income for the six-month
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