Texhong International Group (HKG:2678) First Half 2024 Results
Key Financial Results
- Revenue: CN¥11.2b (up 4.2% from 1H 2023).
- Net income: CN¥269.9m (up from CN¥747.2m loss in 1H 2023).
- Profit margin: 2.4% (up from net loss in 1H 2023). The move to profitability was primarily driven by lower expenses.
- EPS: CN¥0.29 (up from CN¥0.81 loss in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Texhong International Group Earnings Insights
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Luxury industry in Hong Kong.
Performance of the Hong Kong Luxury industry.
The company's shares are up 8.9% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Texhong International Group that you need to be mindful of.
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