Stock Analysis

HK Electric Investments and HK Electric Investments Full Year 2022 Earnings: EPS Beats Expectations, Revenues Lag

Published
SEHK:2638
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HK Electric Investments and HK Electric Investments (HKG:2638) Full Year 2022 Results

Key Financial Results

  • Revenue: HK$10.8b (down 4.9% from FY 2021).
  • Net income: HK$2.95b (flat on FY 2021).
  • Profit margin: 27% (up from 26% in FY 2021). The increase in margin was driven by lower expenses.
  • EPS: HK$0.33 (up from HK$0.33 in FY 2021).
earnings-and-revenue-growth
SEHK:2638 Earnings and Revenue Growth March 15th 2023

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

HK Electric Investments and HK Electric Investments EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Electric Utilities industry in Asia.

Performance of the market in Hong Kong.

The company's shares are up 2.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - HK Electric Investments and HK Electric Investments has 2 warning signs we think you should be aware of.

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