China Conch Venture Holdings Full Year 2024 Earnings: Misses Expectations

China Conch Venture Holdings (HKG:586) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥6.27b (down 22% from FY 2023).
• Net income: CN¥2.02b (down 18% from FY 2023).
• Profit margin: 32% (up from 31% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥1.17 (down from CN¥1.36 in FY 2023).

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

China Conch Venture Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for China Conch Venture Holdings that you need to be mindful of.

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