China Ocean Group Development Full Year 2024 Earnings: HK$0.006 loss per share (vs HK$0.008 loss in FY 2023)

China Ocean Group Development (HKG:8047) Full Year 2024 Results

Key Financial Results

• Revenue: HK$398.2m (up 76% from FY 2023).
• Net loss: HK$37.4m (loss narrowed by 18% from FY 2023).
• HK$0.006 loss per share (improved from HK$0.008 loss in FY 2023).

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

In the last 12 months, the only revenue segment was Supply Chain Management Services Business contributing HK$398.2m. Notably, cost of sales worth HK$352.9m amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$85.5m (103% of total expenses). Explore how 8047's revenue and expenses shape its earnings.

China Ocean Group Development shares are down 4.3% from a week ago.

Risk Analysis

We should say that we've discovered 5 warning signs for China Ocean Group Development (2 are a bit concerning!) that you should be aware of before investing here.

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