Natural Food International Holding Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Natural Food International Holding (HKG:1837) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.85b (up 7.3% from FY 2022).
• Net income: CN¥152.4m (up 31% from FY 2022).
• Profit margin: 8.3% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.071 (up from CN¥0.054 in FY 2022).

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

Natural Food International Holding EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 7.7%.

In the last 12 months, the only revenue segment was Processing and Selling of Natural Health Products contributing CN¥1.85b. The largest operating expense was Sales & Marketing costs, amounting to CN¥897.1m (87% of total expenses). Explore how 1837's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Food industry in Hong Kong.

Performance of the Hong Kong Food industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Natural Food International Holding you should be aware of.

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