Senmiao Tech jumps as Q1 revenue surges

Senmiao Technology

16/08/2022 12:35

** Shares of Senmiao Technology Ltd  AIHS.O  climb 12% to
$1.13 premarket
    ** China-based ride hailing firm's revenue rose more than
six-fold to $2.3 mln in Q1  urn:newsml:reuters.com:*:nPn82Zcgva
    ** AIHS late on Monday said it generated revenue of $1.2 mln
from its online ride-hailing business; revenue from its
automobile rental unit also rose vs last year
    ** Company recorded net income attributable to stockholders
of $332,853 in the quarter vs a net loss of $6.2 mln a year
earlier
    ** Stock had plunged 72.7% YTD, up to the last close

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))