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KE Holdings Q3 Profit, Revenue Rises
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KE Holdings Q3 Profit, Revenue Rises

Financial news

BEIJING (dpa-AFX) – KE Holdings Inc., (BEKE), a Chinese real estate holding company, on Thursday reported net profit of 1.171 billion RMB, or $167 million, for the third quarter, higher than 1.158 billion RMB RMB of the same period. a year ago.

Net income per ADS was RMB 1.00 or $0.14, compared to RMB 0.97 last year.

Excluding one-time items, adjusted net profit was RMB 1.785 billion, or $254 million, lower than last year’s RMB 2.147 billion.

Adjusted revenue per ADS was RMB 1.53 or $0.22, compared to RMB 1.80 last year.

Operating profit decreased to RMB 727 million, or $104 million, from RMB 911 million a year ago, and adjusted operating profit decreased to RMB 1.363 billion, or $194 million. , compared to 1.886 billion RMB.

Revenue for the quarter increased 26.8% year-on-year to RMB 22.6 billion or $3.2 billion.

Mobile monthly active users (MAUs) averaged 46.2 million in the third quarter, compared to 49.2 million last year.

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