United Energy Group Full Year 2023 Earnings: HK$0.065 loss per share (vs HK$0.099 profit in FY 2022)

United Energy Group (HKG:467) Full Year 2023 Results

Key Financial Results

• Revenue: HK$13.6b (up 26% from FY 2022).
• Net loss: HK$1.71b (down by 166% from HK$2.60b profit in FY 2022).
• HK$0.065 loss per share (down from HK$0.099 profit in FY 2022).

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

United Energy Group Earnings Insights

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat.

Performance of the Hong Kong Oil and Gas industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for United Energy Group you should be aware of.

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