Greentown Management Holdings First Half 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.24 in 1H 2023)

Greentown Management Holdings (HKG:9979) First Half 2024 Results

Key Financial Results

• Revenue: CN¥1.67b (up 7.8% from 1H 2023).
• Net income: CN¥501.2m (up 5.8% from 1H 2023).
• Profit margin: 30% (in line with 1H 2023).
• EPS: CN¥0.26 (up from CN¥0.24 in 1H 2023).

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

Greentown Management Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Construction industry in Hong Kong.

Performance of the Hong Kong Construction industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Greentown Management Holdings (1 is significant!) that you need to take into consideration.

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