Stock Analysis

CITIC Telecom International Holdings Full Year 2022 Earnings: Beats Expectations

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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).
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.

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