BEIJING, March 15 (Xinhua) -- The net profit of PPDAI Group Inc., a financial technology company listed in the United States, increased 128 percent year on year to 2.47 billion yuan in 2018, according to the company’s financial report.
Data showed that the company’s total revenue reached 4.29 billion yuan in 2018, an increase of 10.1 percent year on year. The first dividend distribution of 0.19 U.S. dollar per American Depositary Share (ADS) is expected to be paid in April 2019.
The company, established in 2007, is a pioneer in China's online consumer finance marketplace. By the end of 2018, the company had over 88.9 million cumulative registered users. (Edited by Tong Wei, tongwei@xinhua.org)
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