TOM Group Full Year 2023 Earnings: HK$0.056 loss per share (vs HK$0.036 profit in FY 2022)

TOM Group (HKG:2383) Full Year 2023 Results

Key Financial Results

• Revenue: HK$784.4m (down 5.5% from FY 2022).
• Net loss: HK$221.4m (down by 256% from HK$142.4m profit in FY 2022).
• HK$0.056 loss per share (down from HK$0.036 profit 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 Media Business - Publishing Group segment contributing a total revenue of HK$741.8m (95% of total revenue). Notably, cost of sales worth HK$475.1m amounted to 61% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$221.7m 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 2383's revenue and expenses shape its earnings.

TOM Group shares are up 6.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - TOM Group has 1 warning sign we think you should be aware of.

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