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Noah Holdings expects up to 21.6% YOY rise for FY'18 net income

Noah Holdings Ltd. expects that net income for the full year ending Dec. 31, 2018, will be in the range of 1 billion yuan to 1.05 billion yuan.

The forecast represents a 15.8% to 21.6% year-over-year increase from the company's full-year net income in 2017, according to a March 6 release. Noah Holdings had reported net income attributable to shareholders of 770.2 million yuan for 2017, up 19.6% from full year 2016.

As of March 6, US$1 was equivalent to 6.31 Chinese yuan.