China Mengniu Dairy (HKG:2319) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥88.7b (down 10% from FY 2023).
- Net income: CN¥104.5m (down 98% from FY 2023).
- Profit margin: 0.1% (down from 4.9% in FY 2023). The decrease in margin was driven by lower revenue.
- EPS: CN¥0.027 (down from CN¥1.22 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Mengniu Dairy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 89%.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Food industry in Hong Kong.
Performance of the Hong Kong Food industry.
The company's shares are up 2.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for China Mengniu Dairy you should know about.
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