HKR International Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

HKR International (HKG:480) Full Year 2024 Results

Key Financial Results

• Revenue: HK$3.94b (up 133% from FY 2023).
• Net loss: HK$468.0m (down by 203% from HK$455.6m profit in FY 2023).
• HK$0.32 loss per share (down from HK$0.31 profit in FY 2023).

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

HKR International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Property Development segment contributing a total revenue of HK$2.55b (65% of total revenue). Notably, cost of sales worth HK$2.55b amounted to 65% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$1.14b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 480's revenue and expenses shape its earnings.

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 5.2%.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 8.5% from a week ago.

Risk Analysis

Be aware that HKR International is showing 1 warning sign in our investment analysis that 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