Sunshine Insurance Group (HKG:6963) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥80.3b (up 12% from FY 2023).
- Net income: CN¥5.45b (up 46% from FY 2023).
- Profit margin: 6.8% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.47 (up from CN¥0.33 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sunshine Insurance Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Insurance industry in Hong Kong.
Performance of the Hong Kong Insurance industry.
The company's shares are up 5.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Sunshine Insurance Group's balance sheet.
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