ANE (Cayman) Reports Third Quarter 2024 Earnings

ANE (Cayman) (HKG:9956) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.04b (up 13% from 3Q 2023).
• Net income: CN¥188.8m (up 62% from 3Q 2023).
• Profit margin: 6.2% (up from 4.3% in 3Q 2023). The increase in margin was driven by higher revenue.

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

ANE (Cayman) Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Transportation industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 1.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of ANE (Cayman)'s balance sheet and an in-depth analysis of the company's financial position.

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