Lianlian DigiTech Full Year 2024 Earnings: EPS Beats Expectations

Lianlian DigiTech (HKG:2598) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.31b (up 28% from FY 2023).
• Net loss: CN¥168.2m (loss narrowed by 74% from FY 2023).
• CN¥0.16 loss per share (improved from CN¥0.65 loss in FY 2023).

Our free stock report includes 1 warning sign investors should be aware of before investing in Lianlian DigiTech. Read for free now.

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

Lianlian DigiTech EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 62%.

The primary driver behind last 12 months revenue was the Global Payment segment contributing a total revenue of CN¥807.8m (61% of total revenue). The largest operating expense was General & Administrative costs, amounting to CN¥560.9m (50% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥280.5m. Explore how 2598's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Diversified Financial industry in Hong Kong.

Performance of the Hong Kong Diversified Financial industry.

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

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Lianlian DigiTech that you should be aware of.

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