Power Assets Holdings Full Year 2024 Earnings: Misses Expectations

Power Assets Holdings (HKG:6) Full Year 2024 Results

Key Financial Results

• Revenue: HK$1.13b (down 13% from FY 2023).
• Net income: HK$6.12b (up 1.9% from FY 2023).
• EPS: HK$2.87 (up from HK$2.82 in FY 2023).

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

Power Assets Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Electric Utilities industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 8.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Power Assets Holdings that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.