LVGEM (China) Real Estate Investment Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

LVGEM (China) Real Estate Investment (HKG:95) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥6.12b (up 161% from FY 2022).
• Net loss: CN¥2.13b (loss widened by 191% from FY 2022).
• CN¥0.42 loss per share (further deteriorated from CN¥0.14 loss in FY 2022).

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

LVGEM (China) Real Estate Investment Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 68%. Earnings per share (EPS) missed analyst estimates by 74%.

Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 17% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with LVGEM (China) Real Estate Investment (including 1 which can't be ignored).

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