KE Holdings Q3 profit, sales increase

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

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

Excluding one-time items, adjusted net profit was RMB 1.785 billion or US$254 million, down from RMB 2.147 billion last year.

Adjusted income per ADS was RMB 1.53 or US$0.22, compared to RMB 1.80 last year.

Operating profit fell to RMB727 million, or $104 million, from RMB911 million a year ago, and adjusted operating profit fell to RMB1.363 billion, or $194 million, from RMB1.886 billion.

Quarterly revenue increased 26.8 percent year-on-year to RMB 22.6 billion, or $3.2 billion.

Monthly active mobile users (MAU) averaged 46.2 million in the third quarter, compared to 49.2 million a year ago.