Stock Analysis

CITIC Telecom International Holdings Full Year 2022 Earnings: Beats Expectations

SEHK:1883
Source: Shutterstock

CITIC Telecom International Holdings (HKG:1883) Full Year 2022 Results

Key Financial Results

  • Revenue: HK$10.1b (up 6.6% from FY 2021).
  • Net income: HK$1.19b (up 11% from FY 2021).
  • Profit margin: 12% (in line with FY 2021).
  • EPS: HK$0.32 (up from HK$0.29 in FY 2021).
earnings-and-revenue-growth
SEHK:1883 Earnings and Revenue Growth March 17th 2023

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

CITIC Telecom International Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Telecom industry in Hong Kong.

Performance of the Hong Kong Telecom industry.

The company's shares are up 5.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on CITIC Telecom International Holdings' balance sheet.

New: AI Stock Screener & Alerts

Our new AI Stock Screener scans the market every day to uncover opportunities.

• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies

Or build your own from over 50 metrics.

Explore Now for Free

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.