KE Holdings third quarter profit and revenue growth

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

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

Excluding one-time items, adjusted net profit was 1.785 billion yuan, or $254 million, down from 2.147 billion yuan a year ago.

Adjusted earnings per ADS were 1.53 yuan or $0.22, compared with 1.80 yuan last year.

Revenue from operations fell to 727 million yuan or $104 million from 911 million yuan a year ago, and adjusted income from operations fell to 1.363 billion yuan or $194 million from 1.886 billion yuan.

Revenue for the quarter rose 26.8 percent year-on-year to 22.6 billion yuan, or $3.2 billion.

Mobile active users (MAUs) averaged 46.2 million in the third quarter, up from 49.2 million last year.