Noah Holdings Q3 Profit Declines 42%

MT Newswires Live

2024/11/27

Noah Holdings (HKG:6686) reported a net income attributable to Noah shareholders of 134.4 million yuan for the quarter ended Sept. 30, a 42% decline compared with the 233.3 million yuan in the previous year, according to a Wednesday filing with the Hong Kong bourse.

Net income per share dropped to 1.91 yuan from 3.36 yuan a year ago, the filing showed.

Net revenue for the quarter was 683.7 million yuan, a 9% decrease from 750 million yuan in the prior-year period.

Price (HKD): $19.14, Change: $-1.7, Percent Change: -8.20%

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