Hang Lung Properties Full Year 2024 Earnings: Misses Expectations

Hang Lung Properties (HKG:101) Full Year 2024 Results

Key Financial Results

• Revenue: HK$11.2b (up 8.6% from FY 2023).
• Net income: HK$2.15b (down 46% from FY 2023).
• Profit margin: 19% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: HK$0.46 (down from HK$0.88 in FY 2023).

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

Hang Lung Properties Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Hang Lung Properties that you should be aware of before investing here.

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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.