Advertisement
New Zealand markets closed

  • NZX 50

    12,845.64
    +91.06 (+0.71%)
     

  • NZD/USD

    0.6118
    +0.0021 (+0.35%)
     

  • NZD/EUR

    0.5587
    +0.0019 (+0.35%)
     

  • ALL ORDS

    8,491.50
    -7.20 (-0.08%)
     

  • ASX 200

    8,214.50
    -8.50 (-0.10%)
     

  • OIL

    75.65
    -0.20 (-0.26%)
     

  • GOLD

    2,676.50
    +37.20 (+1.41%)
     

  • NASDAQ

    20,277.27
    +35.51 (+0.18%)
     

  • FTSE

    8,253.65
    +15.92 (+0.19%)
     

  • Dow Jones

    42,821.07
    +366.95 (+0.86%)
     

  • DAX

    19,373.83
    +162.93 (+0.85%)
     

  • Hang Seng

    21,251.98
    +614.74 (+2.98%)
     

  • NIKKEI 225

    39,605.80
    +224.91 (+0.57%)
     

  • NZD/JPY

    91.1540
    +0.6610 (+0.73%)
     

Lufax Holding Second Quarter 2024 Earnings: CN¥1.38 loss per share (vs CN¥1.68 profit in 2Q 2023)

editorial-team@simplywallst.com (Simply Wall St)
·1-min read

Lufax Holding (NYSE:LU) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥5.98b (down 36% from 2Q 2023).

  • Net loss: CN¥792.1m (down by 182% from CN¥965.3m profit in 2Q 2023).

  • CN¥1.38 loss per share (down from CN¥1.68 profit in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lufax Holding Earnings Insights

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 18% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Lufax Holding has 2 warning signs we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.