Fosun Tourism Group First Half 2024 Earnings: EPS: CN¥0.26 (vs CN¥0.38 in 1H 2023)

Fosun Tourism Group (HKG:1992) First Half 2024 Results

Key Financial Results

• Revenue: CN¥9.41b (up 5.8% from 1H 2023).
• Net income: CN¥321.8m (down 32% from 1H 2023).
• Profit margin: 3.4% (down from 5.3% in 1H 2023).
• EPS: CN¥0.26 (down from CN¥0.38 in 1H 2023).

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

Fosun Tourism Group Earnings Insights

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 21% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Fosun Tourism Group (including 1 which is a bit concerning).

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