Sino-Ocean Group Holding Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Sino-Ocean Group Holding (HKG:3377) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥46.5b (flat on FY 2022).
• Net loss: CN¥21.1b (loss widened by 32% from FY 2022).
• CN¥2.77 loss per share (further deteriorated from CN¥2.09 loss in FY 2022).

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

Sino-Ocean Group Holding Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 156%.

Looking ahead, revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 6.2%.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 1.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Sino-Ocean Group Holding (1 can't be ignored!) that we have uncovered.

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