CGN Mining (HKG:1164) Full Year 2024 Results
Key Financial Results
- Revenue: HK$8.62b (up 17% from FY 2023).
- Net income: HK$526.7m (up 6.0% from FY 2023).
- Profit margin: 6.1% (down from 6.8% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: HK$0.069 (up from HK$0.065 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CGN Mining Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 23%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Hong Kong are expected to remain flat.
Performance of the Hong Kong Oil and Gas industry.
The company's shares are up 5.2% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for CGN Mining that you should be aware of.
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