InnoCare Pharma Full Year 2024 Earnings: Beats Expectations

InnoCare Pharma (HKG:9969) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.01b (up 37% from FY 2023).
• Net loss: CN¥440.6m (loss narrowed by 30% from FY 2023).
• CN¥0.26 loss per share (improved from CN¥0.37 loss in FY 2023).

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

InnoCare Pharma Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Biotechs industry in Hong Kong.

Performance of the Hong Kong Biotechs industry.

The company's shares are up 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for InnoCare Pharma that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.