KWG Group Holdings Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

KWG Group Holdings (HKG:1813) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥15.8b (up 18% from FY 2022).
• Net loss: CN¥18.7b (loss widened by 103% from FY 2022).
• CN¥5.48 loss per share (further deteriorated from CN¥2.89 loss in FY 2022).

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

KWG Group Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 54%.

Looking ahead, revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 5.1%.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 48% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for KWG Group Holdings (1 is a bit concerning!) that you should be aware of.

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