Fosun Tourism Group Full Year 2023 Earnings: Revenues In Line With Expectations

Fosun Tourism Group (HKG:1992) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥17.2b (up 25% from FY 2022).
• Net income: CN¥307.2m (up from CN¥544.9m loss in FY 2022).
• Profit margin: 1.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.

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

Fosun Tourism Group Meets Expectations

Revenue was in line with analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 3.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Fosun Tourism Group.

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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.