OneConnect Reports Stronger Financial Performance
Company Announcements

OneConnect Reports Stronger Financial Performance

Oneconnect Financial Technology Co Ltd (OCFT) has released an update.

OneConnect Financial Technology Co., Ltd. reported significant financial improvements in its 2023 Annual Report, with a gross margin increase to 36.8% and a substantial reduction in both operating and net losses to shareholders by 62.5% and 58.4% respectively. The company also saw a decrease in net loss per ADS from RMB-23.90 to RMB-9.99, signaling a positive trend in its financial performance.

For further insights into OCFT stock, check out TipRanks’ Stock Analysis page.

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