FX.co ★ Lufax Holding Posts Wider Loss In Q4 - Quick Facts

Lufax Holding Ltd (LU) reported a net loss of RMB 832 million in the fourth quarter of 2023, marking an increase in loss from RMB 806 million in the same quarter of 2022. The loss per ADS (American Depositary Share) also increased from RMB 1.42 to RMB 1.48.

The company showed a significant decrease in total income, with RMB 6.86 billion in the last quarter of 2023, compared to RMB 12.32 billion in the same period of 2022. This marks a decline of 44.3%. Net interest income for the period was RMB 2.32 billion, showing a drop of 46.8%.

In other developments, the board decided on March 21, 2024, to advise the declaration and payment of a special dividend from the share premium account included in the company's reserves. The dividend value is set at $1.21 per ordinary share or $2.42 per ADS.