India, May 30 -- Shares of UP Fintech Holding Ltd. (TIGR) are up 4 percent on Friday's pre-market trading on the Nasdaq, after the online brokerage firm reported a 147 percent surge in its first-quarter profit, helped partly by increased investments in R&D. Quarterly total revenues also rose 53 percent from the year-ago quarter.
In the first quarter of 2025, the company posted net income attributable to shareholders of $30.42 million, or $0.166 per American Depository share or ADS, higher than last year's $12.33 million, or $0.077 per ADS.
Adjusted income was $36.04 million or $0.198 per ADS, compared to $14.7 million or $0.092 per ADS in the prior-year quarter.
During the three-month period, total revenues were up 53 percent to $122.6 m...