Adicon Holdings Full Year 2023 Earnings: Misses Expectations

Adicon Holdings (HKG:9860) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥3.30b (down 32% from FY 2022).
• Net income: CN¥234.9m (down 66% from FY 2022).
• Profit margin: 7.1% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.34 (down from CN¥1.04 in FY 2022).

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

Adicon Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 41%.

Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Healthcare industry in Hong Kong.

Performance of the Hong Kong Healthcare industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Adicon Holdings that you should be aware of before investing here.

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