Luckin Coffee Achieves Profitability in a Quarter for First …

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Image Source: Visual ChinaBEIJING, May 25 (TMTPOST) — Chinese coffee chain Luckin Coffee achieved profitability in Q1, bringing in a net profit of around 19.8 million yuan, the company’s 2022 Q1 earnings report shows.The earnings report shows that Luckin Coffee achieved revenues of 2.4 billion yuan in Q1, registering year-on-year growth of 89.5% from last year’s 1.27 billion yuan. Net profit was 19.