OneConnect Financial Technology Third Quarter 2023 Earnings: CN¥2.50 loss per share (vs CN¥0.12 loss in 3Q 2022)

OneConnect Financial Technology (HKG:6638) Third Quarter 2023 Results

Key Financial Results

• Revenue: CN¥843.6m (down 21% from 3Q 2022).
• Net loss: CN¥90.9m (loss narrowed by 31% from 3Q 2022).
• CN¥2.50 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

OneConnect Financial Technology Earnings Insights

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for OneConnect Financial Technology that we have uncovered.

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