Ten Pao Group Holdings (HKG:1979) Full Year 2024 Results
Key Financial Results
- Revenue: HK$5.39b (up 12% from FY 2023).
- Net income: HK$383.9m (up 17% from FY 2023).
- Profit margin: 7.1% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: HK$0.37 (up from HK$0.32 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ten Pao Group Holdings Earnings Insights
The primary driver behind last 12 months revenue was the Smart Chargers and Controllers segment contributing a total revenue of HK$2.01b (37% of total revenue). Notably, cost of sales worth HK$4.34b amounted to 81% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$506.2m (76% of total expenses). Explore how 1979's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Electrical industry in Hong Kong.
Performance of the Hong Kong Electrical industry.
The company's shares are down 15% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Ten Pao Group Holdings that you should be aware of before investing here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.