Midland Holdings Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Midland Holdings (HKG:1200) Full Year 2024 Results

Key Financial Results

• Revenue: HK$6.08b (up 49% from FY 2023).
• Net income: HK$320.3m (up from HK$41.9m loss in FY 2023).
• Profit margin: 5.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: HK$0.45 (up from HK$0.058 loss in FY 2023).

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

Midland Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates by 6.4%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's share price is broadly unchanged 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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