Microsoft Corp MSFT:NASDAQ

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Ruhnn Holding Fiscal Q4 Net Loss Narrows, Revenue Declines; Issues Fiscal 2021 Outlook

5:15AM ET 6/03/2020 MT Newswires
Ruhnn Holding Ltd. (RUHN), an internet key opinion leader facilitator, on Wednesday posted a fiscal Q4 adjusted net loss of RMB0.19 ($0.03) per American depositary share (ADS), compared with an adjusted loss of RMB0.43 per ADS in the year-ago quarter.

Total revenue was RMB228.2 million ($32.2 million) for the quarter ended March 31, down from RMB237.3 million a year earlier.

Looking forward, the company expects total net revenue of RMB1.32 billion ($185.6 million) to RMB1.50 billion ($211 million) in fiscal year 2021. Net revenue from services through the platform is expected to be RMB520 million ($73.1 million) to RMB610 million ($85.8 million).

The company said it is still expecting negative impact of the COVID-19 pandemic to continue to the fiscal year 2021 but to a lesser extent than in fiscal Q4.

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