Guangzhou R&F Properties Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Guangzhou R&F Properties (HKG:2777) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥36.2b (up 3.0% from FY 2022).
• Net loss: CN¥20.2b (loss widened by 28% from FY 2022).
• CN¥5.37 loss per share (further deteriorated from CN¥4.19 loss in FY 2022).

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

Guangzhou R&F Properties Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.2% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 8.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Guangzhou R&F Properties you should be aware of.

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