Shoucheng Holdings First Half 2024 Earnings: EPS: HK$0.037 (vs HK$0.042 in 1H 2023)

Shoucheng Holdings (HKG:697) First Half 2024 Results

Key Financial Results

• Revenue: HK$535.8m (up 55% from 1H 2023).
• Net income: HK$260.6m (down 14% from 1H 2023).
• Profit margin: 49% (down from 88% in 1H 2023).
• EPS: HK$0.037 (down from HK$0.042 in 1H 2023).

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

Shoucheng Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 22% 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 up 2.3% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Shoucheng Holdings (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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