Ninestar releases latest quarterly report
January 23, 2019
The Chinese company’s most recent financials for Q3, ending December 31st 2018, have been published, bringing mostly positive news.
Ninestar reports that the value of its total assets rose slightly in Q3, compared to the same period of 2017, climbing 0.75 percent to ¥35.79 billion ($5.27 billion/€4.64 billion) from ¥35.52 billion ($5.23 billion/€4.6 billion).
The company’s operating income also increased, in comparison to Q3 2017, hitting ¥5.47 billion ($805.9 million/€709.23 million), up 6.71 percent. For the nine months to the end of Q3 2018, however, there was a slight year-on-year decrease, falling 2.21 percent to ¥15.89 billion ($2.34 billion/€2.06 billion).
In terms of net cash flow from operating activities, there was a substantial increase for Ninestar in Q3 2018, hitting ¥514.07 million ($75.73 million/€66.65 million), an increase of 784.64 percent. This was also the case in the net cash flow from operating activities for the nine months up to the end of Q3 2018, which increased by 543.41 percent, to reach ¥1.05 billion ($154.68 million/€136.14 million).
Categories : City News
Tags : China Financials Ninestar Q3
