Shangri-La Asia First Half 2024 Earnings: Misses Expectations

Shangri-La Asia (HKG:69) First Half 2024 Results

Key Financial Results

• Revenue: US$1.05b (up 4.3% from 1H 2023).
• Net income: US$94.5m (down 28% from 1H 2023).
• Profit margin: 9.0% (down from 13% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.027 (down from US$0.037 in 1H 2023).

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

Shangri-La Asia Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 7.4% 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 share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Shangri-La Asia that we have uncovered.

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