Country Garden Services Holdings (HKG:6098) First Half 2024 Results
Key Financial Results
- Revenue: CN¥21.0b (up 1.5% from 1H 2023).
- Net income: CN¥1.44b (down 39% from 1H 2023).
- Profit margin: 6.8% (down from 11% in 1H 2023).
- EPS: CN¥0.43 (down from CN¥0.70 in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Country Garden Services Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company's shares are up 14% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Country Garden Services Holdings that you need to be mindful of.
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