UP Fintech Holding Q1 Profit Increases
(RTTNews) - UP Fintech Holding Ltd. (TIGR) Wednesday announced an increase in profit in the first quarter, supported by 12.8 percent increase in revenue, compared to the prior year.
The quarterly profit was $12.3 million, up from $7.963 million in the prior year. On an adjusted basis, earnings were $14.7 million.
Revenues for the quarter were $78.948 million, compared to $66.325 million a year ago.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.