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- SEHK:369
Wing Tai Properties First Half 2024 Earnings: HK$0.98 loss per share (vs HK$0.28 loss in 1H 2023)
Wing Tai Properties (HKG:369) First Half 2024 Results
Key Financial Results
- Revenue: HK$560.3m (up 17% from 1H 2023).
- Net loss: HK$1.34b (loss widened by 257% from 1H 2023).
- HK$0.98 loss per share (further deteriorated from HK$0.28 loss in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wing Tai Properties Earnings Insights
Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 5.3%.
Performance of the Hong Kong Real Estate industry.
The company's shares are down 1.1% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Wing Tai Properties.
Valuation is complex, but we're here to simplify it.
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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.
About SEHK:369
Wing Tai Properties
An investment holding company, engages in the investment, development, and management of properties in Hong Kong, the United Kingdom, the People’s Republic of China, Singapore, and internationally.
Adequate balance sheet and fair value.