United Energy Group Full Year 2022 Earnings: Misses Expectations

United Energy Group (HKG:467) Full Year 2022 Results

Key Financial Results

• Revenue: HK$10.8b (up 45% from FY 2021).
• Net income: HK$2.60b (up 30% from FY 2021).
• Profit margin: 24% (down from 27% in FY 2021).
• EPS: HK$0.099 (up from HK$0.076 in FY 2021).

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

United Energy Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 2.0% decline forecast for the Oil and Gas industry in Hong Kong.

Performance of the Hong Kong Oil and Gas industry.

The company's shares are up 26% from a week ago.

Risk Analysis

You still need to take note of risks, for example - United Energy Group has 1 warning sign we think you should be aware of.

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