Chinasoft International Full Year 2024 Earnings: Misses Expectations

Chinasoft International (HKG:354) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥17.0b (down 1.0% from FY 2023).
• Net income: CN¥511.1m (down 28% from FY 2023).
• Profit margin: 3.0% (down from 4.2% in FY 2023).
• EPS: CN¥0.20 (down from CN¥0.26 in FY 2023).

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

Chinasoft International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the IT industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 3.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Chinasoft International's balance sheet health.

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