Far East Consortium International Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Far East Consortium International (HKG:35) Full Year 2024 Results

Key Financial Results

• Revenue: HK$10.2b (up 57% from FY 2023).
• Net income: HK$226.1m (up 31% from FY 2023).
• Profit margin: 2.2% (down from 2.7% in FY 2023).
• EPS: HK$0.082 (up from HK$0.064 in FY 2023).

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

Far East Consortium International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 41%.

The primary driver behind last 12 months revenue was the Property Development - Australia segment contributing a total revenue of HK$4.12b (40% of total revenue). Notably, cost of sales worth HK$6.74b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$1.10b (34% of total expenses). Explore how 35's revenue and expenses shape its earnings.

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 5.2%.

Performance of the Hong Kong Real Estate industry.

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

Risk Analysis

You still need to take note of risks, for example - Far East Consortium International has 4 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com