OneConnect Financial Technology Posts Narrower Loss From Cont. Ops. In Q2 - Quick Facts

(RTTNews) - OneConnect Financial Technology (OCFT) posted a second quarter net loss from continuing operations attributable to shareholders of RMB 17 million, compared to a loss of RMB 41 million for the same period of the prior year. Net loss from continuing operations per ADS was RMB 0.46, compared to a loss of RMB 1.13.

Revenue from continuing operations decreased by 26.3% to RMB 692 million from RMB 939 million, last year, primarily due to strategic adjustments made to revenue mix.

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