GDS Turns to Q3 Profit

MT Newswires Live
Nov 19

GDS (HKG:9698) recorded an attributable profit of 726 million yuan in the quarter ended Sept. 30, compared with an attributable loss of 192.3 million yuan a year prior, a Wednesday Hong Kong bourse filing said.

Earnings per share stood at 0.40 yuan in the period, whereas the firm had seen a loss per share of 0.14 yuan in the corresponding period of the last year.

The cloud services provider's revenue for the three months jumped 10% to 2.89 billion yuan from 2.62 billion yuan in the year-ago period, mainly due to the continued ramp-up of the firm's data centers.

For the nine months ended Sept. 30, the firm turned to an attributable profit of 1.42 billion yuan from an attributable loss of 763.9 million yuan a year prior, with revenue increasing to 8.51 billion yuan from 7.63 billion yuan previously.

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