South China Holdings Full Year 2023 Earnings: HK$0.002 loss per share (vs HK$0.006 profit in FY 2022)

South China Holdings (HKG:413) Full Year 2023 Results

Key Financial Results

• Revenue: HK$2.89b (down 24% from FY 2022).
• Net loss: HK$31.8m (down by 143% from HK$74.7m profit in FY 2022).
• HK$0.002 loss per share (down from HK$0.006 profit in FY 2022).

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

The primary driver behind last 12 months revenue was the Trading and Manufacturing segment contributing a total revenue of HK$2.64b (92% of total revenue). Notably, cost of sales worth HK$2.41b amounted to 83% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$334.7m (65% of total expenses). Explore how 413's revenue and expenses shape its earnings.

South China Holdings shares are down 4.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for South China Holdings (2 are a bit unpleasant!) that you need to take into consideration.

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