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The latest update is out from 51 Credit Card Inc. ( (HK:2051) ).
51 Credit Card Inc. has issued a profit warning, indicating an expected comprehensive loss of RMB48 million to RMB68 million for the year ending December 2024, compared to a profit of RMB12 million in 2023. The anticipated loss is attributed to increased R&D expenses and operating costs in the Vala vehicle business, alongside a downsizing of the credit facilitation business, which has impacted net profits. The final annual results are pending and will be published by late March 2025.
More about 51 Credit Card Inc.
51 Credit Card Inc. operates in the financial services industry, focusing on credit facilitation and vehicle business. The company has been involved in research and development, particularly in its Vala vehicle business.
YTD Price Performance: 15.00%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €47.69M
Learn more about 2051 stock on TipRanks’ Stock Analysis page.