Lufax Reports Third Quarter 2020 Unaudited Financial Results
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Lufax Holding (LU) Tops Q3 EPS by 10c
December 1, 2020 4:32 PM ESTLufax Holding (NYSE: LU) reported Q3 EPS of $0.24, $0.10 better than the analyst estimate of $0.14. Revenue for the quarter came in at $2 billion.
Third Quarter 2020 Financial Highlights
Total income increased by 10.5% to RMB13,076 million (US$1,926 million) in third quarter of 2020 from RMB11,838 million in the same period of 2019.Net profit decreased by 36.8% to RMB2,157 million (US$318 million) in third quarter of 2020 from RMB3,414 million in the same period of 2019, mainly due to the impact of a non-recurring expense.Non-IFRS adjusted net profit, excluding a non-recurring expense of RMB1,326 million (US$195 million)... More