Vedan International (Holdings) Full Year 2023 Earnings: EPS: US$0.005 (vs US$0.003 loss in FY 2022)

Vedan International (Holdings) (HKG:2317) Full Year 2023 Results

Key Financial Results

• Revenue: US$386.2m (down 14% from FY 2022).
• Net income: US$6.99m (up from US$4.39m loss in FY 2022).
• Profit margin: 1.8% (up from net loss in FY 2022). The move to profitability was driven by lower expenses.
• EPS: US$0.005 (up from US$0.003 loss in FY 2022).

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

The primary driver behind last 12 months revenue was the Vietnam segment contributing a total revenue of US$173.6m (45% of total revenue). Notably, cost of sales worth US$330.7m amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$22.5m (46% of total expenses). Explore how 2317's revenue and expenses shape its earnings.

Vedan International (Holdings)'s share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Vedan International (Holdings) (1 is concerning!) that you should be aware of.

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