SCE Intelligent Commercial Management Holdings Full Year 2023 Earnings: Beats Expectations

SCE Intelligent Commercial Management Holdings (HKG:606) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥1.25b (up 5.5% from FY 2022).
• Net income: CN¥257.0m (up 24% from FY 2022).
• Profit margin: 21% (up from 18% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: CN¥0.13 (up from CN¥0.10 in FY 2022).

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

SCE Intelligent Commercial Management Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 20% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for SCE Intelligent Commercial Management Holdings that you should be aware of before investing here.

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