China Resources Beer (Holdings) First Half 2024 Earnings: EPS: CN¥1.45 (vs CN¥1.43 in 1H 2023)

China Resources Beer (Holdings) (HKG:291) First Half 2024 Results

Key Financial Results

• Revenue: CN¥23.7b (flat on 1H 2023).
• Net income: CN¥4.71b (up 1.2% from 1H 2023).
• Profit margin: 20% (in line with 1H 2023).
• EPS: CN¥1.45 (up from CN¥1.43 in 1H 2023).

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

China Resources Beer (Holdings) Earnings Insights

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Beverage industry in Hong Kong.

Performance of the Hong Kong Beverage industry.

The company's shares are down 7.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on China Resources Beer (Holdings)'s balance sheet health.

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