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Tongda Group Holdings First Half 2024 Earnings: EPS: HK$0.001 (vs HK$0.005 in 1H 2023)
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Tongda Group Holdings (HKG:698) First Half 2024 Results

Key Financial Results

  • Revenue: HK$2.99b (up 5.4% from 1H 2023).
  • Net income: HK$12.8m (down 73% from 1H 2023).
  • Profit margin: 0.4% (down from 1.7% in 1H 2023). The decrease in margin was driven by higher expenses.
  • EPS: HK$0.001 (down from HK$0.005 in 1H 2023).
earnings-and-revenue-growth
SEHK:698 Earnings and Revenue Growth September 2nd 2024

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

Tongda Group Holdings Earnings Insights

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong.

Performance of the Hong Kong Electronic industry.

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

Risk Analysis

You should learn about the 1 warning sign we've spotted with Tongda Group Holdings.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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