Far East Horizon (HKG:3360) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥35.7b (down 2.5% from FY 2023).
- Net income: CN¥3.86b (down 38% from FY 2023).
- Profit margin: 11% (down from 17% in FY 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: CN¥0.92 (down from CN¥1.47 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Far East Horizon Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Diversified Financial industry in Hong Kong.
Performance of the Hong Kong Diversified Financial industry.
The company's shares are up 4.9% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Far East Horizon (1 is potentially serious) you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.