West China Cement (HKG:2233) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥8.34b (down 7.5% from FY 2023).
- Net income: CN¥626.2m (up 49% from FY 2023).
- Profit margin: 7.5% (up from 4.7% in FY 2023). The increase in margin was driven by lower expenses.
- EPS: CN¥0.001.
All figures shown in the chart above are for the trailing 12 month (TTM) period
West China Cement Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 35%.
Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Basic Materials industry in Hong Kong.
Performance of the Hong Kong Basic Materials industry.
The company's shares are down 4.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for West China Cement that you need to be mindful of.
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