OneConnect Financial Technology (OCFT) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
OneConnect Financial Technology reported a narrowed net loss in the third quarter of 2024, thanks to effective expense control and a focus on overseas market expansion. Despite a drop in total revenue, the company saw a significant 23.4% increase in revenue from third-party overseas customers, highlighting its success in gaining global recognition. The firm’s strategic focus on AI technologies and operational efficiency aims to achieve mid-term profitability.
For further insights into OCFT stock, check out TipRanks’ Stock Analysis page.
