On October 24th, everyone released the third quarter report of 2018 on the evening of the evening. From the results, thanks to the transformation and upgrading, everyone has improved greatly on the profit side.
The report shows that Renren Le’s third quarter operating income was 1.982 billion yuan, down 4.82% compared with the same period of 2017. The net profit attributable to shareholders of listed companies was a loss of 115.924 million yuan, but the loss rate narrowed, compared with 91.98% over the same period. In the first three quarters, the operating income was 6.251 billion yuan, down 8.81% year-on-year; the net profit attributable to shareholders of listed companies was 12.8364 million yuan, a year-on-year increase of 104.61%.
In addition, Renren also said that the company expects to turn losses into profit in 2018, and expects net profit in 2018 to be 10~40 million yuan. The net profit attributable to shareholders of listed companies in 2017 was -53,841,160 yuan.