RTTNews | Oct 19, 2021 11:05AM EDT

11:04 Tuesday, October 19, 2021 (RTTNews.com) - Chinese fintech platform, Yiren Digital Ltd. (YRD), is trading 9% higher on Tuesday morning after the company turned to profit in second quarter. Yiren reported a net income of RMB200.1 million or RMB2.4 earnings per share, compared to a net loss of RMB232.2 or RMB2.5 loss per share last year in the second quarter. The revenue of the company also increased to RMB1,125.0 million from RMB754.7 million year-over-year. The boost was primarily powered by a 94% increase in credit business to RMB838.2 million from RMB432.3 million last year. The shares are currently trading at $3.57, up $0.32 or 10.00% from their previous close at $3.25. The stock opened at $3.26 in the morning and in the 52-week period, the shares have ranged between $2.90 and $6.80 per share.

Read the original article on RTTNews ( https://www.rttnews.com/3233682/yiren-digital-shares-rise-9-swings-to-profit-in-q2.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved