Hong Kong and China Gas (HKG:3) Full Year 2024 Results
Key Financial Results
- Revenue: HK$55.5b (down 2.6% from FY 2023).
- Net income: HK$5.71b (down 5.9% from FY 2023).
- Profit margin: 10% (in line with FY 2023).
- EPS: HK$0.31 (down from HK$0.33 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hong Kong and China Gas Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 9.9%.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Gas Utilities industry in Hong Kong.
Performance of the Hong Kong Gas Utilities industry.
The company's shares are up 4.5% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Hong Kong and China Gas (including 1 which is concerning).
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