PINTEC Announces First Half 2020 Unaudited Financial Results
Pintec Technology Holdings Limited - American Depositary Shares (PT)
Company Research
Source: GlobeNewswire
BEIJING, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Pintec Technology Holdings Limited (NASDAQ: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced its unaudited financial results for the six months ended June 30, 2020. First Half 2020 Financial Highlights Total revenues decreased by 65.0% to RMB251.6million (US$35.6million) from RMB719.7 million in the same period of 2019.Gross profit was RMB42.7 million (US$6.0 million) compared to RMB296.9 million in the same period of 2019. Gross margin was 17.0% compared to 41.3% in the same period of 2019.Operating loss was RMB100.0 million (US$14.2 million) compared to operating income of RMB73.6 million in the same period of 2019.Net loss was RMB104.2 million (US$14.7 million) compared to net income of RMB81.2 million in the same period of 2019.Adjusted net loss1 was RMB96.9 million (US$13.7 million) compared to adjusted net income of RMB111.1 million in the same period o
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