New Concepts Holdings Full Year 2024 Earnings: EPS: HK$0.002 (vs HK$0.017 loss in FY 2023)

New Concepts Holdings (HKG:2221) Full Year 2024 Results

Key Financial Results

• Revenue: HK$628.2m (up 15% from FY 2023).
• Net income: HK$2.86m (up from HK$20.8m loss in FY 2023).
• Profit margin: 0.5% (up from net loss in FY 2023).
• EPS: HK$0.002 (up from HK$0.017 loss in FY 2023).

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 Construction Works segment contributing a total revenue of HK$511.3m (81% of total revenue). Notably, cost of sales worth HK$567.1m amounted to 90% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$99.0m (100% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$40.7m. Explore how 2221's revenue and expenses shape its earnings.

New Concepts Holdings shares are down 8.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for New Concepts Holdings (1 is a bit unpleasant!) that we have uncovered.

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