VCREDIT Holdings Limited H1 Profit Falls

India, Aug. 24 -- VCREDIT Holdings Limited (2003.HK) released earnings for first half that Drops, from last year

The company's earnings came in at RMB13.37 million, or RMB0.03 per share. This compares with RMB215.99 million, or RMB0.44 per share, last year.

Excluding items, VCREDIT Holdings Limited reported adjusted earnings of RMB16.85 million or RMB0.03 per share for the period.

The company's revenue for the period fell 61.2% to RMB969.2 million from RMB2.499 billion last year.

VCREDIT Holdings Limited earnings at a glance (GAAP) :

-Earnings: RMB13.37 Mln. vs. RMB215.99 Mln. last year.-EPS: RMB0.03 vs. RMB0.44 last year.-Revenue: RMB969.2 Mln vs. RMB2.499 Bln last year.

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