K. Wah International Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

K. Wah International Holdings (HKG:173) Full Year 2023 Results

Key Financial Results

• Revenue: HK$6.10b (down 31% from FY 2022).
• Net income: HK$802.2m (down 42% from FY 2022).
• Profit margin: 13% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: HK$0.26 (down from HK$0.44 in FY 2022).

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

K. Wah International Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is expected to decline by 19% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 6.2%.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 11% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on K. Wah International Holdings' balance sheet.

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