Luckin Coffee rose nearly 7% in premarket trading after posting its financial result.
The total net revenue in Q2 was 3,298.7 billion yuan (about 493.2 million US dollars), an increase of 72.4% compared with 1,913.7 million yuan in the same period of last year. The net loss was 114.7 million yuan (about 17.2 million U.S. dollars).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments