Minmetals Land Full Year 2023 Earnings: HK$0.30 loss per share (vs HK$0.41 loss in FY 2022)

Minmetals Land (HKG:230) Full Year 2023 Results

Key Financial Results

• Revenue: HK$12.6b (up 26% from FY 2022).
• Net loss: HK$1.02b (loss narrowed by 26% from FY 2022).
• HK$0.30 loss per share (improved from HK$0.41 loss in FY 2022).

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

The primary driver behind last 12 months revenue was the Real Estate Development segment contributing a total revenue of HK$12.3b (97% of total revenue). Notably, cost of sales worth HK$11.0b amounted to 87% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$1.51b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 230's revenue and expenses shape its earnings.

Minmetals Land shares are down 4.3% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Minmetals Land (2 are concerning) you should be aware of.

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