Pacific Textiles Holdings Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Pacific Textiles Holdings (HKG:1382) Full Year 2024 Results

Key Financial Results

• Revenue: HK$4.67b (down 7.0% from FY 2023).
• Net income: HK$167.1m (down 38% from FY 2023).
• Profit margin: 3.6% (down from 5.4% in FY 2023).
• EPS: HK$0.12 (down from HK$0.19 in FY 2023).

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

Pacific Textiles Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 30%.

The primary driver behind last 12 months revenue was the Vietnam segment contributing a total revenue of HK$2.33b (50% of total revenue). Notably, cost of sales worth HK$4.24b amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$195.0m (76% of total expenses). Explore how 1382's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Luxury industry in Hong Kong.

Performance of the Hong Kong Luxury industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Pacific Textiles Holdings (at least 1 which shouldn't be ignored), and understanding these should be part of your investment process.

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