Home Control International First Half 2024 Earnings: EPS: US$0.006 (vs US$0.003 loss in 1H 2023)

Home Control International (HKG:1747) First Half 2024 Results

Key Financial Results

• Revenue: US$52.1m (up 3.7% from 1H 2023).
• Net income: US$3.21m (up from US$1.49m loss in 1H 2023).
• Profit margin: 6.2% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses.
• EPS: US$0.006 (up from US$0.003 loss in 1H 2023).

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

Home Control International Earnings Insights

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in Hong Kong.

Performance of the Hong Kong Consumer Durables industry.

The company's shares are down 23% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Home Control International you should be aware of, and 2 of them are significant.

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