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China Lending posts 3Q profit

URUMQI, China (AP) _ China Lending Corp. (CLDC) on Friday reported fiscal third-quarter net income of $3.6 million, after reporting a loss in the same period a year earlier.

The Urumqi, China-based company said it had net income of 18 cents per share.

The provider of direct lending services posted revenue of $8.6 million in the period.

China Lending shares have risen nearly 4 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $6.65, a decline of 34 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLDC at https://www.zacks.com/ap/CLDC


Keywords: China Lending, Earnings Report