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UPDATE-BRIEF-China Rapid Finance reports Q2 loss per share of $1.93 (Aug. 17)
August 18, 2017 / 1:36 PM / a month ago

UPDATE-BRIEF-China Rapid Finance reports Q2 loss per share of $1.93 (Aug. 17)

(Updates Aug. 17 item to add fourth bullet on one-time item affecting net loss)

Aug 17 (Reuters) - China Rapid Finance Ltd -

* China Rapid Finance reports unaudited second quarter 2017 financial results

* Q2 revenue rose 9 percent to $15.2 million

* Q2 loss per share $1.93

* Says increase in Q2 net loss was primarily due to one-time $82 million increase in deemed dividend to preferred shareholders upon IPO

* Q2 earnings per share view $-0.18 -- Thomson Reuters I/B/E/S

* For full year ending December 31, 2017, company expects to add between 2.5 million to 3.0 million new borrowers​

* China Rapid Finance Ltd - ‍expects total gross billings on transaction and service fees to be in range of $110 million to $120 million in 2017​

* Qtrly total gross billings on transaction and service fees grew by 59 percent year over year to $24.5 million Source text for Eikon: Further company coverage:

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