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Qifu Technology Q4 Adjusted Earnings, Revenue Rise; Approves $350 Million Share Buyback
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Qifu Technology Q4 Adjusted Earnings, Revenue Rise; Approves $350 Million Share Buyback
Mar 13, 2024 1:54 AM

04:41 AM EDT, 03/13/2024 (MT Newswires) -- Qifu Technology ( QFIN ) reported late Tuesday Q4 adjusted earnings of 7.14 renminbi ($1.01) per diluted American depositary share, up from 5.70 renminbi a year earlier.

Comparable analyst estimates weren't available.

Revenue for the quarter ended Dec. 31 was 4.50 billion renminbi, up from 3.91 billion renminbi a year earlier. A single analyst polled by Capital IQ expected 4.26 billion renminbi.

The company said its board approved a new repurchase plan for up to $350 million worth of its American depositary shares or class A ordinary shares over 12 months beginning April 1. It also declared a dividend for H2 2023 of $0.29 per class A ordinary share, or $0.58 per ADS, payable on May 21 and May 24 for holders of class A ordinary shares and ADSs, respectively, as of April 15.

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