Noah Holdings (NOAH) has released an update.
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Noah Holdings reported a decrease in third-quarter 2024 net revenues by 8.8% compared to the previous year, largely due to a significant drop in revenue from mainland China, though overseas revenue saw a notable rise. The company’s income from operations also fell by 3.2%, despite a sequential improvement driven by increased overseas client engagement and cost control measures. Net income attributable to shareholders dropped 42.4%, impacted by foreign exchange losses and tax expenses.
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