Paradise Entertainment (HKG:1180) Full Year 2024 Results
Key Financial Results
- Revenue: HK$1.08b (up 71% from FY 2023).
- Net income: HK$361.1m (up 449% from FY 2023).
- Profit margin: 33% (up from 10% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: HK$0.34 (up from HK$0.063 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Paradise Entertainment Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 39%.
The primary driver behind last 12 months revenue was the Casino Management Services segment contributing a total revenue of HK$718.3m (66% of total revenue). The largest operating expense was General & Administrative costs, amounting to HK$180.6m (57% of total expenses). Explore how 1180's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong.
Performance of the Hong Kong Hospitality industry.
The company's shares are down 7.7% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Paradise Entertainment that you should be aware of.
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