Sino Land (HKG:83) Full Year 2024 Results
Key Financial Results
- Revenue: HK$8.77b (down 26% from FY 2023).
- Net income: HK$4.40b (down 25% from FY 2023).
- Profit margin: 50% (up from 49% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: HK$0.52 (down from HK$0.74 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sino Land Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 21%.
Looking ahead, revenue is forecast to grow 9.6% 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 4.0% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Sino Land, and understanding it should be part of your investment process.
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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:83
Sino Land
An investment holding company, invests in, develops, manages, and trades in properties.
Flawless balance sheet with acceptable track record.