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.
