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Lufax Holding Ltd American Depositary Shares two of which representing one
The American Depositary Receipts (ADRs) of China's Lufax Holding (NYSE: LU) closed more than 10% down on Wednesday. This followed the release of its first set of quarterly results as a publicly traded company, which were published after market hours on Tuesday.
For its Q3 of fiscal 2020, Lufax's "total income" (i.e., revenue) rose by nearly 11% on a year-over-year basis to slightly more than 13 billion yuan ($2 billion), on outstanding loan balances that grew by 21%. Non-IFRS adjusted net profit increased 2% to 3.4 billion yuan ($517 million, equating to $0.24 per share).