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We provide the latest news from the world of economics and finance
(RTTNews) - EHang Holdings Ltd. (EH) shares are gaining more than 16 percent on Friday morning trade after the company reported a narrower loss for the fourth quarter on higher revenues, compared to the prior year.
The quarterly loss was RMB 72.46 million compared to RMB 110.10 million last year.
Revenue for the quarter surged to RMB 56.60 million from RMB 15.68 million a year ago.
Currently, shares are at $15.66, up 15.06 percent from the previous close of $13.61 on a volume of 2,245,120.
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