Sino-Ocean Group Holding First Half 2024 Earnings: CN¥0.71 loss per share (vs CN¥2.41 loss in 1H 2023)

Simply Wall St · 08/30 23:39

Sino-Ocean Group Holding (HKG:3377) First Half 2024 Results

Key Financial Results

  • Revenue: CN¥13.3b (down 36% from 1H 2023).
  • Net loss: CN¥5.38b (loss narrowed by 71% from 1H 2023).
  • CN¥0.71 loss per share (improved from CN¥2.41 loss in 1H 2023).
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SEHK:3377 Earnings and Revenue Growth August 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sino-Ocean Group Holding Earnings Insights

Looking ahead, revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Hong Kong are expected to grow by 5.3%.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 8.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Sino-Ocean Group Holding that you need to be mindful of.