CK Asset Holdings (HKG:1113) Full Year 2024 Results
Key Financial Results
- Revenue: HK$45.5b (down 3.6% from FY 2023).
- Net income: HK$13.7b (down 21% from FY 2023).
- Profit margin: 30% (down from 37% in FY 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: HK$3.89 (down from HK$4.86 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CK Asset Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 2.5%.
The primary driver behind last 12 months revenue was the Pub Operation segment contributing a total revenue of HK$24.4b (54% of total revenue). The largest operating expense was General & Administrative costs, amounting to HK$11.3b (82% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of HK$3.58b. Explore how 1113's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company's shares are down 7.0% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for CK Asset Holdings that you should be aware of before investing here.
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