(Yicai Global) Nov. 18 -- Shares in KE Holdings, operator of leading online real estate agency Beike, fell 8.1 percent yesterday on disappointing income figures, the first to be released since it listed in New York in August.

KE Holdings [NYSE:BEKE] closed at USD67.60 with a market capital of USD76.22 billion.

The Xi'an-based company’s net income shrank 80 percent to CNY75 million (USD11 million) in the three months ended Sept. 30 from a year ago earlier, according to its latest earnings report released yesterday.

However, all is not lost, for revenue was up 70.9 percent to CNY20.5 billion (USD3.1 billion), driven by solid growth in gross transaction value which increased 87.2 percent to reach CNY1.05 trillion (USD160.5 billion).

The firm is expecting to maintain this pace into the fourth quarter with a gain in revenue of as much of 40.5 percent from the same period last year to CNY20.2 billion (USD3 billion), it said.

Beike, which consolidates different brands and agencies onto one platform, was co-operating with 44,883 real estate outlets and 477,810 agents as of Sept. 30, a year-on-year increase of 41.7 percent and 50.7 percent respectively. The website has seen an 82.1 percent surge in monthly active users to 47.9 million from a year ago.

Editor: Kim Taylor