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- NiSun International Enterprise Development Group Co, Ltd NISN reported FY21 revenue growth of 280% year-on-year to $160.2 million.
- Revenue from Financial Services grew by 118% Y/Y to $92.1 million.
- Revenue from Supply Chain Trading Business was $68.1 million.
- Gross profit from continuing operations increased by 143% Y/Y to $54.0 million due to a significant increase in demand from SME enterprises in mainland China.
- EPS was $1.41 versus a $(0.71) loss last year.
- NiSun held $91.6 million in cash and equivalents and generated $23.9 million in operating cash flow.
- Price Action: NISN shares traded higher by 18.3% at $0.71 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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