MECOM Power and Construction Full Year 2023 Earnings: MO$0.003 loss per share (vs MO$0.02 profit in FY 2022)

MECOM Power and Construction (HKG:1183) Full Year 2023 Results

Key Financial Results

• Revenue: MO$1.50b (up 12% from FY 2022).
• Net loss: MO$11.6m (down by 114% from MO$81.3m profit in FY 2022).
• MO$0.003 loss per share (down from MO$0.02 profit in FY 2022).

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

The primary driver behind last 12 months revenue was the Steel Structures Business segment contributing a total revenue of MO$1.03b (69% of total revenue). Notably, cost of sales worth MO$1.38b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to MO$88.6m (67% of total expenses). Explore how 1183's revenue and expenses shape its earnings.

MECOM Power and Construction shares are up 16% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for MECOM Power and Construction (1 is potentially serious!) that you should be aware of before investing here.

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