Henderson Land Development Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Henderson Land Development (HKG:12) Full Year 2023 Results

Key Financial Results

• Revenue: HK$27.6b (up 7.9% from FY 2022).
• Net income: HK$9.26b (flat on FY 2022).
• Profit margin: 34% (down from 36% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: HK$1.91 (up from HK$1.91 in FY 2022).

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

Henderson Land Development Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 5.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Henderson Land Development that you should be aware of.

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