Hong Leong Asia First Half 2024 Earnings: EPS: S$0.066 (vs S$0.041 in 1H 2023)

Hong Leong Asia (SGX:H22) First Half 2024 Results

Key Financial Results

• Revenue: S$2.25b (up 8.5% from 1H 2023).
• Net income: S$49.4m (up 60% from 1H 2023).
• Profit margin: 2.2% (up from 1.5% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: S$0.066 (up from S$0.041 in 1H 2023).

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

Hong Leong Asia Earnings Insights

Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Machinery industry in Singapore.

Performance of the Singaporean Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Hong Leong Asia 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.