Shui On Land Full Year 2023 Earnings: EPS: CN¥0.10 (vs CN¥0.11 in FY 2022)

Shui On Land (HKG:272) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥9.75b (down 37% from FY 2022).
• Net income: CN¥810.0m (down 11% from FY 2022).
• Profit margin: 8.3% (up from 5.8% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: CN¥0.10 (down from CN¥0.11 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 Property Development segment contributing a total revenue of CN¥5.90b (60% of total revenue). The most substantial expense, totaling CN¥3.08b 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 272's revenue and expenses shape its earnings.

Shui On Land shares are down 1.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Shui On Land you should be aware of, and 2 of them are a bit unpleasant.

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