Vcredit's Profit Climbs 5.3% in 2024

MT Newswires Live
26 Mar

Vcredit (HKG:2003) recorded a 5.3% rise in profit attributable to the owners in 2024 to 478.2 million yuan from 453.9 million yuan a year prior, a Tuesday filing with the Hong Kong bourse said.

Earnings per share were 0.98 yuan in the year, up from 0.93 yuan in the last fiscal year.

The money lender's total income rose by 10% to 3.93 billion yuan in the period from 3.57 billion yuan a year prior.

The higher revenue was mainly due to an increase in the average outstanding loan balance of its trust lending structure and higher contributions from other revenue streams.

The firm has recommended a final dividend of HK$0.20 per share for the year.

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