Stock Analysis
Asia Financial Holdings Full Year 2023 Earnings: EPS: HK$0.37 (vs HK$0.13 in FY 2022)
Asia Financial Holdings (HKG:662) Full Year 2023 Results
Key Financial Results
- Revenue: HK$2.79b (up 24% from FY 2022).
- Net income: HK$346.8m (up 182% from FY 2022).
- Profit margin: 12% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: HK$0.37 (up from HK$0.13 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 Insurance segment contributing a total revenue of HK$2.61b (94% of total revenue). Notably, cost of sales worth HK$2.15b amounted to 77% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$151.8m (51% of total expenses). Explore how 662's revenue and expenses shape its earnings.
Asia Financial Holdings' share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Asia Financial Holdings' balance sheet health.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:662
Asia Financial Holdings
An investment holding company, underwrites general and life insurance in Hong Kong, Macau, and Mainland China.