Virscend Education Full Year 2024 Earnings: EPS: CN¥0.015 (vs CN¥0.011 in FY 2023)

Virscend Education (HKG:1565) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥955.1m (up 25% from FY 2023).
• Net income: CN¥45.0m (up 40% from FY 2023).
• Profit margin: 4.7% (up from 4.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.015 (up from CN¥0.011 in FY 2023).

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

In the last 12 months, the only revenue segment was Provision of Education Services contributing CN¥955.1m. Notably, cost of sales worth CN¥642.3m amounted to 67% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥138.4m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 1565's revenue and expenses shape its earnings.

Virscend Education shares are down 8.1% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Virscend Education (at least 2 which are significant), and understanding them should be part of your investment process.

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