Tongguan Gold Group Full Year 2023 Earnings: EPS: HK$0.014 (vs HK$0.015 in FY 2022)

Tongguan Gold Group (HKG:340) Full Year 2023 Results

Key Financial Results

• Revenue: HK$1.50b (up 20% from FY 2022).
• Net income: HK$51.5m (up 2.2% from FY 2022).
• Profit margin: 3.4% (down from 4.0% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: HK$0.014.

340 Production and Reserves

Gold

• Production: 43.745 troy koz
• Number of mines: 1 (1 in FY 2022)

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

In the last 12 months, the only revenue segment was Gold Mining Operation contributing HK$1.50b. Notably, cost of sales worth HK$1.33b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$66.6m (57% of total expenses). Explore how 340's revenue and expenses shape its earnings.

Tongguan Gold Group shares are down 4.8% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Tongguan Gold Group that you should be aware of.

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