Secoo Holding Limited (NASDAQ:SECO) 3Q19 Quarterly Profit Advance

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Secoo Holding Limited (NASDAQ:SECO) reported third quarter earnings before market open today.

The company announced income for the third quarter elevated 39.52 percent of RMB 62.07 million or RMB 2.33 per share, compared to income of RMB 44.94 million or RMB 1.67 per share for the year-ago quarter.

SECO recorded third quarter Non-GAAP net income of RMB 64.66 million or or RMB 2.43 per share.

Topline results for the third quarter expanded 23.48 percent to RMB 1941.61 million from RMB 1572.36 million in the same quarter last year.

Mr. Richard Rixue Li, Chairman and Chief Executive Officer, commented, We are pleased to deliver another quarter of solid operational and financial results, highlighted by 66.8% year-over-year increase in GMV to a record high of RMB3.66 billion, thanks to strong execution of our overall strategy, focused on providing the best possible luxury shopping experience to our customers

The quarterly report cited revenue forecast for 4Q19 within RMB 2200.00 million to RMB 2300.00 million.

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