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.
Valuation is complex, but we're here to simplify it.
Discover if Midland Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave 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.