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- SEHK:590
Luk Fook Holdings (International) Full Year 2024 Earnings: Misses Expectations
Luk Fook Holdings (International) (HKG:590) Full Year 2024 Results
Key Financial Results
- Revenue: HK$15.3b (up 28% from FY 2023).
- Net income: HK$1.77b (up 38% from FY 2023).
- Profit margin: 12% (in line with FY 2023).
- EPS: HK$3.01 (up from HK$2.19 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Luk Fook Holdings (International) Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 1.8%.
The primary driver behind last 12 months revenue was the Retailing - Hong Kong, Macau and Overseas segment contributing a total revenue of HK$9.99b (65% of total revenue). Notably, cost of sales worth HK$11.2b amounted to 73% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to HK$1.85b (77% of total expenses). Explore how 590's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Specialty Retail industry in Hong Kong.
Performance of the Hong Kong Specialty Retail industry.
The company's shares are down 3.2% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Luk Fook Holdings (International) that we have uncovered.
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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.
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About SEHK:590
Luk Fook Holdings (International)
An investment holding company, engages in sourcing, designing, wholesaling, trademark licensing, and retailing various gold and platinum jewelry, and gem-set jewelry products.
Very undervalued with flawless balance sheet and pays a dividend.