361 Degrees International Full Year 2022 Earnings: Beats Expectations

Simply Wall St

March 17, 2023

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).

earnings-and-revenue-growth — 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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.