Tai Hing Group Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Tai Hing Group Holdings (HKG:6811) Full Year 2023 Results

Key Financial Results

• Revenue: HK$3.21b (up 20% from FY 2022).
• Net income: HK$93.8m (up from HK$43.2m loss in FY 2022).
• Profit margin: 2.9% (up from net loss in FY 2022).
• EPS: HK$0.093 (up from HK$0.043 loss in FY 2022).

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

Tai Hing Group Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Tai Hing Group Holdings you should know about.

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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.