Onewo (HKG:2602) First Half 2024 Results
Key Financial Results
- Revenue: CN¥17.6b (up 9.6% from 1H 2023).
- Net income: CN¥771.7m (down 23% from 1H 2023).
- Profit margin: 4.4% (down from 6.2% in 1H 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.66 (down from CN¥0.85 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Onewo 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 shares are down 15% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Onewo you should know about.
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