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KE Holdings' Profit Climbs in Q1

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KE Holdings (HKG:2423) recorded an attributable net income of 1.26 billion yuan in the first quarter, up from 855.8 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.

Earnings per share jumped to 0.37 yuan from 0.24 yuan in the corresponding period of the previous fiscal year.

Revenue slipped 19% to 18.9 billion yuan from 23.3 billion yuan in the year-ago period.

The lower revenue was mainly due to the high base of net revenues from new home and existing home transaction services.

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