Ares Asia Full Year 2024 Earnings: US$0.002 loss per share (vs US$0.002 loss in FY 2023)

Ares Asia (HKG:645) Full Year 2024 Results

Key Financial Results

• Revenue: US$70.4m (up 34% from FY 2023).
• Net loss: US$1.27m (loss widened by 53% from FY 2023).
• US$0.002 loss per share (in line with 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 Mainland China segment contributing a total revenue of US$49.6m (70% of total revenue). Notably, cost of sales worth US$70.1m amounted to 100% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.48m (93% of total expenses). Explore how 645's revenue and expenses shape its earnings.

Ares Asia shares are down 16% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Ares Asia (1 shouldn't be ignored!) that you should be aware of.

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