SITC International Holdings Full Year 2024 Earnings: Beats Expectations

SITC International Holdings (HKG:1308) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.06b (up 26% from FY 2023).
• Net income: US$1.03b (up 94% from FY 2023).
• Profit margin: 34% (up from 22% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.39 (up from US$0.20 in FY 2023).

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

SITC International Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 8.7%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.9% decline forecast for the Shipping industry in Hong Kong.

Performance of the Hong Kong Shipping industry.

The company's shares are up 6.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - SITC International Holdings has 2 warning signs (and 1 which can't be ignored) we think you should know about.

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