{"id":124814,"date":"2021-05-12T16:38:51","date_gmt":"2021-05-12T16:38:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=124814"},"modified":"2021-05-12T16:38:51","modified_gmt":"2021-05-12T16:38:51","slug":"stock-alert-oneconnect-financial-up-5-on-narrower-q1-loss-higher-revenues","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/stock-alert-oneconnect-financial-up-5-on-narrower-q1-loss-higher-revenues\/","title":{"rendered":"Stock Alert: OneConnect Financial Up 5% On Narrower Q1 Loss, Higher Revenues"},"content":{"rendered":"
Shares of OneConnect Financial Technology Co., Ltd. (OCFT) are up 5 percent on Wednesday’s trading as the Chinese company reported narrower loss in the first quarter. <\/p>\n
OneConnect Financial posted net loss of RMB 305 million in the first quarter, lower than net loss of RMB 415 million in the year-ago quarter. On a per ADS basis, net loss was RMB 0.83, compared to RMB 1.20 last year. <\/p>\n
Revenues climbed 41.1 percent to RMB 820 million from RMB 581 million in the prior-year quarter. <\/p>\n
The stock was trading at $14.05, up $0.69 or 5 percent on the NYSE.<\/p>\n
OCFT has traded between $11.98 and $28.80 during the past 52 weeks. <\/p>\n