L.K. Technology Holdings Full Year 2024 Earnings: Misses Expectations
L.K. Technology Holdings (HKG:558) Full Year 2024 Results
Key Financial Results
- Revenue: HK$5.84b (down 1.0% from FY 2023).
- Net income: HK$484.1m (down 9.0% from FY 2023).
- Profit margin: 8.3% (down from 9.0% in FY 2023).
- EPS: HK$0.35 (down from HK$0.39 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
L.K. Technology Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 2.1%.
The primary driver behind last 12 months revenue was the Die-Casting Machine segment contributing a total revenue of HK$4.29b (73% of total revenue). Notably, cost of sales worth HK$4.25b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$666.0m (60% of total expenses). Explore how 558's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Hong Kong.
Performance of the Hong Kong Machinery industry.
The company's shares are down 4.0% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for L.K. Technology Holdings (1 shouldn't be ignored!) that you should be aware of.
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About SEHK:558
L.K. Technology Holdings
An investment holding company, engages in the design, manufacture, and sale of hot and cold chamber die-casting machines in Mainland China, Hong Kong, Europe, Central America and South America, North America, and internationally.
Excellent balance sheet with moderate growth potential.
