361 Degrees International Full Year 2022 Earnings: Beats Expectations

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).

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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