Stock Analysis

361 Degrees International Full Year 2022 Earnings: Beats Expectations

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361 Degrees International (HKG:1361) Full Year 2022 Results

Key Financial Results

  • Revenue: CN¥6.96b (up 17% from FY 2021).
  • Net income: CN¥747.1m (up 24% from FY 2021).
  • Profit margin: 11% (in line with FY 2021).
  • EPS: CN¥0.36 (up from CN¥0.29 in FY 2021).
SEHK:1361 Earnings and Revenue Growth March 17th 2023

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

361 Degrees International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in Hong Kong.

Performance of the Hong Kong Luxury industry.

The company's shares are up 3.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on 361 Degrees International's balance sheet health.

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