Hongkong Land Holdings Full Year 2023 Earnings: Misses Expectations

Hongkong Land Holdings (SGX:H78) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.84b (down 18% from FY 2022).
• Net loss: US$582.3m (down by 387% from US$202.7m profit in FY 2022).
• US$0.26 loss per share (down from US$0.09 profit in FY 2022).

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

Hongkong Land Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Real Estate industry in Singapore.

Performance of the Singaporean Real Estate industry.

The company's shares are up 3.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Hongkong Land Holdings that we have uncovered.

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