Midland Holdings First Half 2024 Earnings: EPS: HK$0.24 (vs HK$0.054 in 1H 2023)

Midland Holdings (HKG:1200) First Half 2024 Results

Key Financial Results

• Revenue: HK$3.32b (up 41% from 1H 2023).
• Net income: HK$174.1m (up 346% from 1H 2023).
• Profit margin: 5.2% (up from 1.7% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: HK$0.24 (up from HK$0.054 in 1H 2023).

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

Midland Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Midland Holdings that you should be aware of.

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