Far East Hotels and Entertainment Full Year 2024 Earnings: HK$0.044 loss per share (vs HK$0.011 loss in FY 2023)

Far East Hotels and Entertainment (HKG:37) Full Year 2024 Results

Key Financial Results

• Revenue: HK$29.6m (down 20% from FY 2023).
• Net loss: HK$33.0m (loss widened by 316% from FY 2023).
• HK$0.044 loss per share (further deteriorated from HK$0.011 loss in FY 2023).

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 Hotel Operation in Hong Kong segment contributing a total revenue of HK$21.1m (71% of total revenue). Notably, cost of sales worth HK$24.4m amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$25.6m (67% of total expenses). Explore how 37's revenue and expenses shape its earnings.

Far East Hotels and Entertainment shares are down 5.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Far East Hotels and Entertainment you should be aware of.

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