CK Hutchison Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

CK Hutchison Holdings (HKG:1) Full Year 2023 Results

Key Financial Results

• Revenue: HK$275.6b (up 5.0% from FY 2022).
• Net income: HK$23.5b (down 36% from FY 2022).
• Profit margin: 8.5% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: HK$6.14 (down from HK$9.57 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CK Hutchison Holdings Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Retail segment contributing a total revenue of HK$133.7b (49% of total revenue). The largest operating expense was General & Administrative costs, amounting to HK$42.5b (30% of total expenses). Explore how 1's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Industrials industry in Hong Kong.

Performance of the Hong Kong Industrials industry.

The company's shares are up 6.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for CK Hutchison Holdings that you need to take into consideration.

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