Chindata Group Holdings Limited (CD) reported third quarter net income of RMB 78.4 million compared to a net loss of RMB 196.8 million, last year. Profit per ADS was RMB 0.22. Adjusted net income increased by 132.2% to RMB 112.0 million. Adjusted EBITDA increased by 61.6% to RMB 368.4 million.

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Chindata Group Holdings Limited (CD) reported third quarter net income of RMB 78.4 million compared to a net loss of RMB 196.8 million, last year. Profit per ADS was RMB 0.22. Adjusted net income increased by 132.2% to RMB 112.0 million. Adjusted EBITDA increased by 61.6% to RMB 368.4 million.

RTTNews | Nov 24, 2021 07:00AM EST

07:00 Wednesday, November 24, 2021 (RTTNews.com) - Chindata Group Holdings Limited (CD) reported third quarter net income of RMB 78.4 million compared to a net loss of RMB 196.8 million, last year. Profit per ADS was RMB 0.22. Adjusted net income increased by 132.2% to RMB 112.0 million. Adjusted EBITDA increased by 61.6% to RMB 368.4 million.

Total revenues increased by 58.5% to RMB 740.8 million from RMB 467.5 million, prior year, primarily driven by the growth of colocation services.

The company reiterated its guidance for full year 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3244652/chindata-group-q3-adj-net-income-rises-revenues-up-58-5.aspx)

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