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OneConnect Reports Decline in 2024 Financial Performance

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OneConnect Reports Decline in 2024 Financial Performance

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OneConnect Financial Technology Co Ltd ( (HK:6638) ) just unveiled an announcement.

OneConnect Financial Technology Co., Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024. The company’s revenue from continuing operations decreased by 36.2% compared to the previous year, and net losses from continuing operations attributable to shareholders increased substantially. The company’s gross margin also saw a decline, reflecting challenges in maintaining profitability. These results indicate a challenging year for OneConnect, with implications for its market positioning and stakeholder confidence.

More about OneConnect Financial Technology Co Ltd

OneConnect Financial Technology Co., Ltd. operates in the financial technology industry, providing technology solutions to financial institutions. The company focuses on offering digital transformation services, primarily targeting banks, insurers, and investment firms.

YTD Price Performance: 137.50%

Average Trading Volume: 1,412,274

Technical Sentiment Consensus Rating: Sell

Current Market Cap: HK$2.02B

Find detailed analytics on 6638 stock on TipRanks’ Stock Analysis page.

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