Hong Kong Economic Times Holdings Full Year 2024 Earnings: EPS: HK$0.13 (vs HK$0.064 in FY 2023)

Hong Kong Economic Times Holdings (HKG:423) Full Year 2024 Results

Key Financial Results

• Revenue: HK$923.9m (down 9.7% from FY 2023).
• Net income: HK$54.2m (up 98% from FY 2023).
• Profit margin: 5.9% (up from 2.7% in FY 2023).
• EPS: HK$0.13 (up from HK$0.064 in FY 2023).

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 (Incl.Recruitment Advertising and Training and Lifestyle Platforms) segment contributing a total revenue of HK$625.9m (68% of total revenue). Notably, cost of sales worth HK$551.9m amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$216.2m (53% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$91.1m. Explore how 423's revenue and expenses shape its earnings.

Hong Kong Economic Times Holdings shares are down 4.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 4 warning signs for Hong Kong Economic Times Holdings (2 are a bit concerning!) that you should be aware of.

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