Tongda Group Holdings Full Year 2023 Earnings: Misses Expectations

Tongda Group Holdings (HKG:698) Full Year 2023 Results

Key Financial Results

• Revenue: HK$6.52b (down 14% from FY 2022).
• Net loss: HK$1.23b (down by 401% from HK$408.9m profit in FY 2022).
• HK$0.13 loss per share (down from HK$0.042 profit in FY 2022).

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

Tongda Group Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 12% growth forecast for the Electronic industry in Hong Kong.

Performance of the Hong Kong Electronic industry.

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

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Tongda Group Holdings you should be aware of.

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