New World Development Full Year 2024 Earnings: Revenues Miss Expectations

New World Development (HKG:17) Full Year 2024 Results

Key Financial Results

• Revenue: HK$35.8b (down 62% from FY 2023).
• Net loss: HK$9.90b (down from HK$976.4m profit in FY 2023).

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

New World Development Revenues Disappoint

Revenue missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 29% from a week ago.

Risk Analysis

You still need to take note of risks, for example - New World Development has 2 warning signs we think you should be aware of.

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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.