Shun Tak Holdings Full Year 2023 Earnings: HK$0.22 loss per share (vs HK$0.18 loss in FY 2022)

Shun Tak Holdings (HKG:242) Full Year 2023 Results

Key Financial Results

• Revenue: HK$4.41b (up 21% from FY 2022).
• Net loss: HK$676.7m (loss widened by 21% from FY 2022).
• HK$0.22 loss per share (further deteriorated from HK$0.18 loss in FY 2022).

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

Shun Tak Holdings Earnings Insights

The primary driver behind last 12 months revenue was the Property segment contributing a total revenue of HK$3.45b (78% of total revenue). Notably, cost of sales worth HK$2.22b amounted to 50% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$1.63b 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 242's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Shun Tak Holdings that you need to take into consideration.

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