Powerlong Commercial Management Holdings Full Year 2023 Earnings: Misses Expectations

Powerlong Commercial Management Holdings (HKG:9909) Full Year 2023 Results

Key Financial Results

• Revenue: CN¥2.64b (up 3.4% from FY 2022).
• Net income: CN¥453.0m (up 2.2% from FY 2022).
• Profit margin: 17% (in line with FY 2022).
• EPS: CN¥0.71 (up from CN¥0.70 in FY 2022).

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

Powerlong Commercial Management Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 6.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Powerlong Commercial Management Holdings you should be aware of.

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