FIT Hon Teng Full Year 2023 Earnings: EPS Misses Expectations

FIT Hon Teng (HKG:6088) Full Year 2023 Results

Key Financial Results

• Revenue: US$4.20b (down 7.4% from FY 2022).
• Net income: US$129.0m (down 24% from FY 2022).
• Profit margin: 3.1% (down from 3.7% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: US$0.018 (down from US$0.024 in FY 2022).

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

FIT Hon Teng EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong.

Performance of the Hong Kong Electronic industry.

The company's shares are up 22% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of FIT Hon Teng's balance sheet and an in-depth analysis of the company's financial position.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.