Lee & Man Paper Manufacturing First Half 2024 Earnings: Beats Expectations

Lee & Man Paper Manufacturing (HKG:2314) First Half 2024 Results

Key Financial Results

• Revenue: HK$12.5b (up 2.4% from 1H 2023).
• Net income: HK$760.2m (up 147% from 1H 2023).
• Profit margin: 6.1% (up from 2.5% in 1H 2023). The increase in margin was primarily driven by higher revenue.
• EPS: HK$0.18 (up from HK$0.071 in 1H 2023).

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

Lee & Man Paper Manufacturing Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 77%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Forestry industry in Asia.

Performance of the market in Hong Kong.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Lee & Man Paper Manufacturing (at least 1 which makes us a bit uncomfortable), and understanding them should be part of your investment process.

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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.

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