UP Fintech Q2 Non-GAAP Profit Rises
(RTTNews) - UP Fintech Holding Ltd. (TIGR), a Singapore-based online brokerage firm, reported that its second quarter non-GAAP profit attributable to the company was US$15.3 million, up 48.4% quarter-over-quarter and nearly 3.4 times year-over-year, achieving a two-year record high, surpassing the previous year's total.
During the second quarter, 58,582 new customer accounts were added to the company's global portfolio, bringing the total to 2.12 million. A total of 29,077 new customers with deposits (funded accounts) were added this quarter, elevating the total number of funded accounts to 840,931, marking a 15% increase year-over-year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
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.