Frontage Holdings Full Year 2023 Earnings: Misses Expectations

Frontage Holdings (HKG:1521) Full Year 2023 Results

Key Financial Results

• Revenue: US$259.9m (up 3.8% from FY 2022).
• Net income: US$10.8m (down 58% from FY 2022).
• Profit margin: 4.2% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: US$0.005 (down from US$0.013 in FY 2022).

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

Frontage Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Life Sciences industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 4.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Frontage Holdings that you need to be mindful of.

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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.