Logan Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Logan Group (HKG:3380) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥47.2b (up 13% from FY 2022).
• Net loss: CN¥8.93b (loss widened by 3.8% from FY 2022).
• CN¥1.62 loss per share (further deteriorated from CN¥1.56 loss in FY 2022).

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

Logan Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 68%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 37% 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 up 5.2% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Logan Group that you should be aware of before investing here.

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