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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361 Degrees International
361 Degrees International Limited, an investment holding company, manufactures and trades in sporting goods in the People’s Republic of China.
Flawless balance sheet and undervalued.