Qifu Technology's Q3 Profit Rises; Launches 2025 Share Buyback Program

MT Newswires Live11-20 08:48

Qifu Technology's (HKG:3660) attributable profit rose to 1.80 billion yuan in the third quarter from 1.14 billion yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Exchange.

Earnings per share at the technology services company increased to 6.09 yuan from 3.47 yuan in the previous year.

Total net revenue grew to 4.37 billion yuan from 4.28 billion yuan a year earlier.

Qifu expects net income to reach between 1.75 billion and 1.85 billion in the fourth quarter.

The company also disclosed an up to $450 million share repurchase plan for 2025, beginning Jan. 1 of next year. The buybacks will continue over 12 months.

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