FX.co ★ UP Fintech Holding Q1 Profit Increases

UP Fintech Holding Ltd. (TIGR) reported a notable profit increase for the first quarter on Wednesday, driven by a 12.8% rise in revenue compared to the same period last year.

The company posted a quarterly profit of $12.3 million, significantly up from $7.963 million recorded in the prior year. On an adjusted basis, the earnings were $14.7 million.

Revenue for the quarter reached $78.948 million, a substantial increase from $66.325 million a year earlier.