CMGE Technology Group Full Year 2023 Earnings: Revenues Miss Expectations

CMGE Technology Group (HKG:302) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.61b (down 4.0% from FY 2022).
• Net loss: CN¥20.1m (loss narrowed by 90% from FY 2022).

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

CMGE Technology Group Revenues Disappoint

Revenue missed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Entertainment industry in Hong Kong.

Performance of the Hong Kong Entertainment industry.

The company's shares are down 8.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on CMGE Technology Group's balance sheet health.

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