Morimatsu International Holdings Full Year 2024 Earnings: Misses Expectations

Morimatsu International Holdings (HKG:2155) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥6.95b (down 5.6% from FY 2023).
• Net income: CN¥737.2m (down 13% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: CN¥0.62 (down from CN¥0.73 in FY 2023).

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

Morimatsu International Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Hong Kong.

Performance of the Hong Kong Machinery industry.

The company's shares are down 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Morimatsu International Holdings' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.