Regina Miracle International (Holdings) Full Year 2024 Earnings: Misses Expectations

Regina Miracle International (Holdings) (HKG:2199) Full Year 2024 Results

Key Financial Results

• Revenue: HK$7.02b (down 11% from FY 2023).
• Net income: HK$143.2m (down 63% from FY 2023).
• Profit margin: 2.0% (down from 4.9% in FY 2023).
• EPS: HK$0.12 (down from HK$0.31 in FY 2023).

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

Regina Miracle International (Holdings) Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 48%.

The primary driver behind last 12 months revenue was the Intimate Wear segment contributing a total revenue of HK$4.12b (59% of total revenue). Notably, cost of sales worth HK$5.43b amounted to 77% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$561.1m (39% of total expenses). Explore how 2199's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 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 shares are up 1.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Regina Miracle International (Holdings) (1 shouldn't be ignored!) that you need to take into consideration.

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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.

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