Oneconnect Financial Technology Co Ltd (OCFT) has released an update.
OneConnect Financial Technology Co., Ltd. reports an improved financial performance for the fiscal year ending December 31, 2023, with a significant reduction in operating loss by 62.5% and a decrease in net loss to shareholders by 58.4%. The company also saw a slight increase in gross margin and a reduction in net loss per share. Despite these advances, the company experienced a decline in total revenue by 17.8% compared to the previous year.
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