Financial Street Property Full Year 2023 Earnings: EPS: CN¥0.34 (vs CN¥0.32 in FY 2022)

Financial Street Property (HKG:1502) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.51b (up 9.1% from FY 2022).
• Net income: CN¥128.1m (up 5.8% from FY 2022).
• Profit margin: 8.5% (down from 8.7% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.34 (up from CN¥0.32 in FY 2022).

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

Financial Street Property Earnings Insights

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Financial Street Property you should be aware of.

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