Horizon Construction Development (HKG:9930) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥11.6b (up 21% from FY 2023).
- Net income: CN¥896.3m (down 6.9% from FY 2023).
- Profit margin: 7.7% (down from 10.0% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.28 (down from CN¥0.32 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Horizon Construction Development Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Trade Distributors industry in Asia.
Performance of the market in Hong Kong.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Horizon Construction Development (1 is a bit unpleasant!) that you need to take into consideration.
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