Greentown Management Holdings (HKG:9979) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥3.44b (up 4.2% from FY 2023).
- Net income: CN¥801.1m (down 18% from FY 2023).
- Profit margin: 23% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: CN¥0.41 (down from CN¥0.50 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Greentown Management Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Construction industry in Hong Kong.
Performance of the Hong Kong Construction industry.
The company's shares are down 3.1% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Greentown Management Holdings' balance sheet.
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