Tai United Holdings Full Year 2023 Earnings: HK$0.22 loss per share (vs HK$0.28 loss in FY 2022)

Tai United Holdings (HKG:718) Full Year 2023 Results

Key Financial Results

• Revenue: HK$213.7m (up 25% from FY 2022).
• Net loss: HK$1.17b (loss narrowed by 20% from FY 2022).
• HK$0.22 loss per share (improved from HK$0.28 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 Flooring Materials Trading segment contributing a total revenue of HK$105.6m (49% of total revenue). Notably, cost of sales worth HK$122.3m amounted to 57% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$1.15b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 718's revenue and expenses shape its earnings.

Tai United Holdings shares are down 17% from a week ago.

Risk Analysis

We should say that we've discovered 4 warning signs for Tai United Holdings (3 make us uncomfortable!) that you should be aware of before investing here.

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