Hysan Development Full Year 2023 Earnings: Misses Expectations

Hysan Development (HKG:14) Full Year 2023 Results

Key Financial Results

• Revenue: HK$3.43b (down 6.5% from FY 2022).
• Net loss: HK$872.0m (loss narrowed by 25% from FY 2022).
• HK$0.85 loss per share (improved from HK$1.12 loss in FY 2022).

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

Hysan Development Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Hysan Development.

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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.