China Tobacco International (HK) Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

China Tobacco International (HK) (HKG:6055) Full Year 2023 Results

Key Financial Results

• Revenue: HK$11.8b (up 42% from FY 2022).
• Net income: HK$598.8m (up 60% from FY 2022).
• Profit margin: 5.1% (up from 4.5% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: HK$0.87 (up from HK$0.54 in FY 2022).

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

China Tobacco International (HK) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 3.6%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Retail Distributors industry in Asia.

Performance of the market in Hong Kong.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for China Tobacco International (HK) that you need to take into consideration.

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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.