Wing Tai Properties Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Wing Tai Properties (HKG:369) Full Year 2024 Results

Key Financial Results

• Revenue: HK$1.03b (up 17% from FY 2023).
• Net loss: HK$2.49b (loss widened by 180% from FY 2023).
• HK$1.89 loss per share (further deteriorated from HK$0.66 loss in FY 2023).

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

Wing Tai Properties Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 18% p.a. on average during the next 2 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 3.9%.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Wing Tai Properties that you should be aware of.

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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.