IReader Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:10 pm EDT
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IReader Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 520.41 million compared to CNY 553.99 million a year ago. Revenue was CNY 520.41 million compared to CNY 553.99 million a year ago. Net loss was CNY 14.98 million compared to net income of CNY 63.35 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.15 a year ago. Diluted loss per share from continuing operations was CNY 0.03 compared to diluted earnings per share from continuing operations of CNY 0.15 a year ago.
IReader Technology Co., Ltd is a China-based company principally engaged in the provision of Internet digital reading services and value-added services. The value-added services mainly include the content related value-added services, such as copyright business; the hardware related value-added services, such as hardware products business; the traffic related services such as game intermodal and advertising marketing businesses. The Company mainly provides digital reading services through the brand of Palm Reading. The Company mainly operates its business in domestic market.