VCredit Warns of Swing to 2025 Loss

MT Newswires Live

02/13

VCredit Holdings (HKG:2003) expects a net loss of between 500 million yuan and 600 million yuan for the year 2025, compared with a net profit of 478.2 million yuan a year prior, according to a Friday Hong Kong bourse filing.

The money lender attributed the loss to an increase in delinquency ratio for loan repayments, as well as a decline in its loan origination volume in the second half.

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