Ruhnn Holding Limited Announces First Quarter of Fiscal Year 2020 Unaudited Financial Results
Ruhnn Holding Limited (RUHN)
Company Research
Source: GlobeNewswire
---GMV increased 50.4% year-over-year---Net revenues increased 34.3% year-over-year---Services revenues in the platform model increased 201.3% year-over-year---Gross margin increased to 35.7% from 24.8% in the year-ago period---Net loss attributable to Ruhnn narrowed 40.1% year-over-year---Adjusted net loss attributable to Ruhnn narrowed 51.6% year-over-year HANGZHOU, China, Aug. 29, 2019 (GLOBE NEWSWIRE) -- Ruhnn Holding Limited (“Ruhnn” or the “Company”) (NASDAQ: RUHN), the largest internet key opinion leader (“KOL”) facilitator in China as measured by revenue in 2018, according to Frost & Sullivan, today announced its unaudited financial results for the first quarter of fiscal year 2020 ended June 30, 2019. First Quarter of Fiscal Year 2020 Financial and Operational Highlights: GMV1 was RMB758.0 million (US$110.4 million), a 50.4% increase from RMB503.9 million for the same quarter of last fiscal year. Net revenues were RMB312.8 million (US$45.6 million), a 34.3% increase from
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