Vobile Group Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Vobile Group (HKG:3738) Full Year 2024 Results

Key Financial Results

• Revenue: HK$2.40b (up 20% from FY 2023).
• Net income: HK$142.7m (up from HK$7.82m loss in FY 2023).
• Profit margin: 5.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: HK$0.063 (up from HK$0.004 loss in FY 2023).

Our free stock report includes 1 warning sign investors should be aware of before investing in Vobile Group. Read for free now.

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

Vobile Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 133%.

The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of HK$1.19b (49% of total revenue). Notably, cost of sales worth HK$1.35b amounted to 56% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to HK$322.1m (35% of total expenses). Explore how 3738's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in Hong Kong.

Performance of the Hong Kong Software industry.

The company's shares are up 6.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Vobile Group that we have uncovered.

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