Scholar Education Group (HKG:1769) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥852.3m (up 49% from FY 2023).
- Net income: CN¥145.6m (up 69% from FY 2023).
- Profit margin: 17% (up from 15% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.27 (up from CN¥0.16 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Scholar Education Group Earnings Insights
In the last 12 months, the only revenue segment was Private Education Services contributing CN¥852.3m. Notably, cost of sales worth CN¥518.9m amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥128.8m (69% of total expenses). Explore how 1769's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in Hong Kong.
Performance of the Hong Kong Consumer Services industry.
The company's shares are up 5.3% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Scholar Education Group's balance sheet health.
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