Lakala Payment (SHE:300773) posted first-half attributable net profit of 229.4 million yuan, down 45% from 419.5 million yuan the previous year.
Earnings per share declined to 0.30 yuan from 0.54 yuan, according to a Friday filing with the Shenzhen bourse.
The online payments platform's operating revenue slipped 11% year over year to 2.65 billion yuan from 2.98 billion yuan.
Shares of the company closed 1% higher Friday.
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