China Tobacco International (HK) (HKG:6055) Full Year 2024 Results
Key Financial Results
- Revenue: HK$13.1b (up 11% from FY 2023).
- Net income: HK$853.7m (up 43% from FY 2023).
- Profit margin: 6.5% (up from 5.1% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: HK$1.23 (up from HK$0.87 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Tobacco International (HK) EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 11%.
The primary driver behind last 12 months revenue was the Tobacco Leaf Products Import Business segment contributing a total revenue of HK$8.25b (63% of total revenue). Notably, cost of sales worth HK$11.7b amounted to 89% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$368.5m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how 6055'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 17% growth forecast for the Retail Distributors industry in Asia.
Performance of the market in Hong Kong.
The company's shares are down 1.3% from a week ago.
Risk Analysis
Be aware that China Tobacco International (HK) is showing 1 warning sign in our investment analysis that you should know about...
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