SmarTone Telecommunications Holdings Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

SmarTone Telecommunications Holdings (HKG:315) Full Year 2024 Results

Key Financial Results

• Revenue: HK$6.22b (down 8.0% from FY 2023).
• Net income: HK$470.1m (up 75% from FY 2023).
• Profit margin: 7.6% (up from 4.0% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: HK$0.43 (up from HK$0.24 in FY 2023).

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

SmarTone Telecommunications Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 6.2%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Hong Kong.

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

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for SmarTone Telecommunications Holdings (1 is a bit unpleasant!) that you need to be mindful of.

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