CITIC Resources Holdings (HKG:1205) Full Year 2024 Results
Key Financial Results
- Revenue: HK$9.50b (up 148% from FY 2023).
- Net income: HK$572.6m (up 3.8% from FY 2023).
- Profit margin: 6.0% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: HK$0.073 (up from HK$0.07 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the Import and Export of Commodities segment contributing a total revenue of HK$5.93b (62% of total revenue). Notably, cost of sales worth HK$8.77b amounted to 92% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$272.8m (91% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$142.6m. Explore how 1205's revenue and expenses shape its earnings.
CITIC Resources Holdings shares are up 5.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for CITIC Resources Holdings that we have uncovered.
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