XD (HKG:2400) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥5.01b (up 48% from FY 2023).
- Net income: CN¥811.5m (up from CN¥83.0m loss in FY 2023).
- Profit margin: 16% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
- EPS: CN¥1.71 (up from CN¥0.18 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
XD EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%.
Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Entertainment industry in Hong Kong.
Performance of the Hong Kong Entertainment industry.
The company's shares are up 13% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on XD's balance sheet health.
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