Kerry Properties (HKG:683) First Half 2024 Results
Key Financial Results
- Revenue: HK$5.04b (down 7.9% from 1H 2023).
- Net income: HK$788.0m (down 55% from 1H 2023).
- Profit margin: 16% (down from 32% in 1H 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: HK$0.54 (down from HK$1.20 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kerry Properties Earnings Insights
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Kerry Properties that you should be aware of.
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